PR (Purchase Request)

The term PR in procurement stands for Purchase Request, a formal request to purchase goods or services from an external supplier. A PR must include all necessary details regarding the desired item or service, including quantity, specifications, delivery timeframe, and expected cost. This document is used to initiate the purchasing process, with the aim of ensuring that all stakeholders involved are properly informed before proceeding with any transactions. The goal of a PR is to ensure that all procurement activities are professionally conducted and align with organizational objectives.