Purchase Request Approval is the process of reviewing, verifying and authorizing a purchase request in order to ensure that it aligns with organizational goals and objectives. It involves various steps such as assessing the reasons for the request, determining if the item requested is available in inventory and comparing the cost against budgeted amounts. Once approved, the requester can proceed with the transaction. By engaging in Purchase Request Approval, businesses not only protect their budgets, but also ensure that their purchasing activities are transparent, accountable and compliant.