How planned delivery time effects delivery creation?

Dear All,
Some time before, while placing order thro' CRM, we came across a typical error (hard error).
"date (11/12/2011) lies afterthe end of validity calendar". 
we could not place order in CRM but in SAP we could create save the order despite of same error but soft. However system didn't allow to create delivery for same order & same error message populated"
Later it was found that it is because for material  " Planned Deliv. Time  maintained for say "X "days in material master MRP2 view" & was corrected.
How planned delivery time effects delivery creation?
For material even though planned delivery time was maintained as say for 500 days, sales order requested delivery date & delivery date in order schedule line got determined as order date (Considering avaliability of funds & material).
i.e order date/req. delivery date/delivery date in schedule line are same as date on which order is placed.
Regards
Suhas W

Hi,
Extended your factory calender in SCA3.
Regards,

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