If I'm running MRP today (20/01/2016) and before the MRP run MD04 looked like this
Stock 0
26/01/2016 Sale -1
27/01/2016 Sale -1
27/01/2016 Sale -1
Assuming there is a 7 day planned delivery time. After the MRP run it would look like this:
Stock 0
26/01/2016 Sale -1
27/01/2016 Requisition +1 (Exception:Reschedule 26/01/2016)
27/01/2016 Requisition +2
27/01/2016 Sale -1
27/01/2016 Sale -1
This is a very simple example and you can do things to combine the requirement dates but basically you get a requisition for each requirement date.
There are easy ways to combine the multiple requisitions into a single purchase order line.