What is a Requisition?

Requisition is often used in procurement, it refers to a formal way of requesting goods and services form a department or supplier. It is generally in written form.

There are certain situations where requisitions are used outside of purchase and procurement. In the general sense, when a requisition is used, it means a request has formally been made and certain actions are expected to follow. 

In the case of a purchase requisition, an employee who writes it is making a formal request for certain goods and services to be provided. 

A requisition generally includes the following information: 

• The date the request is made, 
• the name of the person making the request, 
• details of supplies requested, 
• the date of delivery, 
• the point of delivery, and 
• the company responsible for the request. 
• The individual writing a requisition must append his or her signature at the end.

Purchase Requisition or Purchase Order?

A purchase requisition is also called a purchase order, it is a written and formal request for goods and services. Large companies often use the purchase requisition process when employees need to procure certain goods and services from a department in the company. A purchase order can also be used by companies to order or request goods an services from external companies, vendors, and suppliers. When used for this purpose, it is a contractual agreement between companies that contains the details of the request, the items being purchased, their quantity, prices, payment plans, delivery dates and other information.