Capterra Glossary
Requisition
A requisition is a part of the procurement process, where an employee submits a formal request to obtain a product or service.
To initiate the process, a business professional will submit a requisition form to their business’ purchasing department. Requisition forms often include the name of the requestee, the requisition date, the items or services requested, the department responsible for fulfilling the request, and other relevant details.
After the purchasing department approves the request, a purchase order will be submitted to a supplier. Most businesses handle requisitions electronically using a procure-to-pay system (P2P), while others use paper-based requisition forms.
What Small and Midsize Businesses Need to Know About Requisition
When purchasing supplies and services for business purposes, small and midsize companies often use purchase requisition forms. These forms provide an audit trail for the procurement process, prevent employees from committing purchase fraud and ensure that business supplies and services are not over-ordered.