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When a delivery (ZLF) is created but not yet picked, does this update MARD-LABST in S4 HANA?

Suppose there is an open order for 100 units of an item in S4 HANA, and MARD-LABST shows 200 'Valuated Unrestricted-Use Stock'.

Now a delivery (ZLF) is created for the 100 units of the order. Does this immediately reduce MARD-LABST? Is it only reduced when the delivery has been picked? Despatched? 

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