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For a Lot controlled Item, how does system reserves the Lot against Sales Oder.

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If there are no Picking Rule defined, for a Lot controlled Item, if the Item have On-Hand in multiple Lots, how does system reserves the Lot against Sales Oder?

Will it reserve the Lot which has smaller quantity first or which Lot has the bigger quantity first.

Is there any setup so that we can tell the system to reserve smaller quantity Lot ascending wise meaning the the Lot which has he smallest quantity will be reserved first then it will move to larger quantity Lots.

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