Changing the 'Sharing Settings' on the 'Serialized Product' object from 'Private' to 'Public read/write' the issue will be resolved.
Most of the time only community users faced this issue but if it's happening for other users as well then we must give the 'CREATE, READ, EDIT, VIEW ALL RECORDS, MODIFY ALL RECORDS' access on the 'Serialized Product' object on the permission set assigned to the user or we must change the sharing settings.
000395974

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