What Is The Meaning Purchase Requisition

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What is a Purchase Requisition?

A purchase requisition is a document used to request the purchase of goods or services. It is typically used in a business setting to ensure that goods or services are bought in an efficient and organized manner. The purchase requisition can help to streamline the purchasing process and ensure that all the necessary information is collected before a purchase is made.

The purchase requisition typically includes information such as the item or service requested, the quantity, the estimated cost, and the delivery date. It may also include other details such as the vendor or supplier, the payment terms, and any special instructions. The purchase requisition is typically approved by the appropriate department head or manager before the purchase is made.

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The purchase requisition is an important tool for businesses, as it helps to ensure that all purchases are made in an organized and efficient manner. It can help to reduce costs by ensuring that only necessary purchases are made and that all purchases are made at the best possible price. It can also help to ensure that all purchases are made in accordance with company policies and procedures.

The purchase requisition is an essential part of the purchasing process and should be used whenever possible. It can help to ensure that all purchases are made in an efficient and organized manner, and that all necessary information is collected before a purchase is made.

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