Physical incentory - Cycle counting

Dear MM consultants,
I am using PI cycle count process,
It is a fresh client  so no consumption update a so f now. We assigned ABC indicator in material master.
When i execute MICN tcode i am getting " no material found for PI '
Kindly guide me how to fix
Thanks
A.Gururajan

OSS note 518418
In principle, the program calculates the planned date of physical
inventory according to the following formula:
planned date = base date + Interval (Trans.OMCO/Tab.XT159C-ININV)
Usually, the base date is the 'date of the last physical inventory'.
Depending on the type of the stock or the batch management
requirement, this date is read from one of the following table
fields:
MARD-DLINL (Normal materials)
MCHB-CHDLL (Batch materials, separately valuated materials)
If no physical inventory has been carried out yet and if this date
field is therefore empty, the system uses the creation date of the
material as basis date. The basis date then comes from one of the
following table fields:
MSTA-ERSDA (Normal materials)
MCHB-ERSDA (Batch materials, separately valuated materials)
Since the cycle counting physical inventory always runs for the
current fiscal year, the earliest possible physical inventory date
is the 01.01. and the latest possible physical inventory date is the
31.12 of the current year.

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