No the system does not fill the time, all parameters you can enter in a material master for planning are days as the lowest value, like in a STO the user has to enter it manually. In a STO you have a integrated process with SD and ship-to partners where you can define delivery hours. One could assume that this can be used for defaulting the time (hence SAP note 2075469) But this is not even available in case of standard orders. From where should SAP know a time then?
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