Purchase Requisitions
Purchase requisitions are used to store and track requests for material resources and services.
Requests can be created manually or by the system for the following situations:
• For work orders that require materials or services
• By the batch stock reorder process when the number of items fall below the reorder point
• Manually to replenish stock
After the purchase requisition is reviewed and approved, it can be transitioned to a purchase order to initiate the actual purchase with the vendor. Requisitions can also be used to create blanket contracts.
While purchase orders can be created without a purchase requisition, the requisition can be used according to your business practices to formalize the purchasing process or to create a more stringent chain of approvals for auditing or other purposes.
Purchase requisitions affect Pending Order quantity for stock.
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