Purchasing Requisitions are documents that outline the particulars of a potential purchase order. They contain all the relevant information required by the company to proceed with a purchase transaction, such as the item description, quantity, price, supplier details and delivery instructions. The Purchasing Requisition is an important step in the procurement process that helps ensure all necessary stakeholders are correctly informed and involved in the purchasing decision to ensure accuracy and value for money. It’s also a crucial way to keep track of spending and budgeting, ensuring that company resources go only where they’re needed.