oboloo Glossary

Po Requisition

oboloo Glossary

Po Requisition

A Purchase Requisition (Po Requisition) is an official document used in business to request the purchase of goods or services. It is typically created by the department or individual that needs the items and approved by the relevant department or individual with the authority to approve the purchase. The requisition includes the details of the goods or services required, the quantity, the estimated cost, and the delivery date. It is an important document as it helps to ensure that the purchase is made in an organized and efficient manner. It also helps to keep track of the budget and to ensure that the purchase is within the approved budget. Furthermore, it serves as a record of the purchase and can be used to track the progress of the purchase and to follow up on any issues that may arise.