CO46/MD4C - see 2 receipt elements (ShipNt & PchOrd) for one demand

Scenario: Production Order for 10 ea for 'A' with a purchased material 'x'. The supplier confirms 5 ea of material 'x' have left the dock and I make a shipping notiication calculating expected delivery date and update MRP.
I now have 2 receipt elements for my purchase material 'x'.
(1) ShipNt for 5 arriving in 2 weeks
(2) PchOrd for 5 not yet confirmed and still on standard delivery.
As the Production Manager I want to be able to use CO46/MD4C and view this situation but when I enter my data I can only see the PchOrd and cannot see my ShipNt for two weeks time. This is very frustrating as it does not show the true picture for the supply elements.
So I guess my questions are as follows:
1) Am I missing a standard setting or configuration?
2) Has anyone encountered this problem and how did you resolve it. I am assuming development.
3) Is CO46/MD4C the right tool/report for this? Are there any another standard reports that I can use?
4) Why does SAP keep doing this giving you some but not all visibility even after they have just updated CO46/MD4C through EHP 5...arrggg
as usual any help appreciated and keen to hear your views

Aditya,
As explained earlier MD05 is static list. It absoloutely has no effect on current planning situation.
You can delete existing MRP list.with option:
Go to MD05:->Menu option Delete. This will completely delete the existing MRP list and user will not able to see anything,
Check and Revert,
Santosh Sarda

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