Allocation by Schedule Ship Date

Can Oracle allocate material based on the Sch Ship Date without skipping orders at the time of Pick Release.

Here is the example:

OnHand Qty=5000

Order #1 - qty=1000 (there is also another line for a different item which there is no stock) and both lines have a ship set

Order #2 - qty=2000

Order #3 - qty=2000

Order #4 - qty=1000

Current Pick Release would skip over Order #1 and allocate to Order #2.

What we would like to happen:

Pick Release would (do a soft allocation or reserve) for Order #1 the 1000, then release Order #2, Orders #3, but not Order #4 (because that 1000 is allocated for Order #1)