A purchase requisition is an internal request seeking authorization to obtain specified goods or services. It commonly records the need, requester, scope, quantity, timing, budget or accounting context, suggested supplier if permitted, supporting evidence, and approvals. A requisition is not a supplier order; after approval it follows the appropriate sourcing, contracting, catalog, or purchase-order path.
In plain English
It asks the organization for permission to buy; it is not yet the order sent to a supplier.
Illustrative example
At Northstar Industrial Systems, an engineer submits a requisition for calibrated testing equipment with specifications, project code, required date, and justification.
- Related terms
- Intake management; Approval workflow; Purchase order; Budget validation
- Lifecycle stages
- Request; Approve
- Stakeholders
- Requester; Procurement; Finance; Approver