Purchase requisitions are formal requests made by employees or departments within an organization to obtain goods or services needed to carry out their duties. These requests are typically submitted to a purchasing department or procurement team for review and approval before any purchases are made. Purchase requisitions provide a structured process for managing procurement activities, ensuring that purchases are made in accordance with established policies and procedures, and that the organization obtains the best value for its money. They also help to control costs by preventing unauthorized purchases and ensuring that purchases are made only when necessary. Effective management of purchase requisitions requires clear communication between departments, accurate record-keeping, and timely processing of requests. By streamlining the procurement process, organizations can improve efficiency, reduce costs, and ensure that they have the resources they need to achieve their goals.
