Purchase requisitions are the first step in a well-managed, transparent purchasing process.
What are purchase requisitions?
Purchase requisitions are formal requests submitted to the procurement department for specific goods or services. They usually go through an approvals process that depends on the cost or nature of the request.
Purchase requisitions can come from anywhere in an organization. Requests for goods or services above a certain dollar amount usually lead to an RFQ or are bought from a supplier with whom the company already has a negotiated contract.
Requester – any person in an organization who submits a purchase request, responsible for notifying buyers of item specifications and the purchasing timeline
Approver – the budgetary gatekeeper from outside the procurement department
Buyer – the person in charge of making the purchase by either running an RFQ to identify possible suppliers or issuing a PO to a current supplier
What are the benefits of automating the requisitioning process?
Try Out DeltaBid’s User-Friendly Requisitioning Software