Requisition

A requisition is a formal request for goods or services. It is typically used by businesses to request items from suppliers. The requisition process begins with the creation of a requisition form. This form typically includes the following information:

* The name of the requesting department
* The name of the requesting person
* The date of the request
* A description of the goods or services being requested
* The quantity of the goods or services being requested
* The unit price of the goods or services being requested
* The total cost of the goods or services being requested

Once the requisition form is completed, it is sent to the purchasing department. The purchasing department will then review the request and determine whether or not to approve it. If the request is approved, the purchasing department will contact the supplier and place an order.

The supplier will then ship the goods or services to the requesting department. Once the goods or services arrive, the receiving department will inspect them and verify that they meet the specifications listed on the requisition form. If the goods or services are acceptable, the receiving department will sign off on the requisition form and the request will be considered complete.

Requisitions are an important part of the procurement process. They help to ensure that businesses are able to get the goods and services they need in a timely and efficient manner.

In addition to the information listed above, a requisition may also include the following information:

* The name of the person who authorized the request
* The date the request was authorized
* The date the request is due
* The shipping instructions
* The payment terms

Requisitions can be created in a variety of ways. They can be handwritten, typed, or generated using a computer program. Once a requisition is created, it is typically sent to the purchasing department for approval.

The purchasing department will review the requisition and determine whether or not to approve it. If the requisition is approved, the purchasing department will contact the supplier and place an order. The supplier will then ship the goods or services to the requesting department. Once the goods or services arrive, the receiving department will inspect them and verify that they meet the specifications listed on the requisition form. If the goods or services are acceptable, the receiving department will sign off on the requisition form and the request will be considered complete.

Requisitions are an important part of the procurement process. They help to ensure that businesses are able to get the goods and services they need in a timely and efficient manner.