Does GOP consider transit time between Inventory Orgs when local sourcing rule is used?

For example, the following sourcing scenario could be implemented by three local sourcing rules or one bill of distribution:

Organization M1 sources items by purchasing from a supplier, XYZ Supply.

Organization M2 sources items by transferring from M1.

Organization M3 sources items by transferring from M2

In above example, if customer orders are shipped from Org M3 then does GOP scheduling consider Mfg. lead time and intransit times between M3 and M2, M2 and M1 and M2 and Supplier.