Purchase Requisition

A purchase requisition is a formal document that is created by a department within a company when they wish to request approval to purchase goods or services. The requisition must be approved by a manager or senior executive before the purchase can be made.

The document should include:

-a description of the goods or services required

-the quantity required

-the estimated cost

-the reason for the purchase

-the name and contact details of the supplier (if known)

Once approved, the requisition will be forwarded to the procurement department who will then source the goods or services and arrange payment.