Requisition
A requisition is a request for goods or services made by an employee to the department in a company that is responsible for purchasing. The procurement system starts with a requisition and moves through the purchasing department to become a purchase order. A purchasing requisition is a document in which one department is asking another for permission. It is always for internal record keeping.
A purchase order is a document that individuals use to purchase those goods or services. A requisition comes before the purchasing order in the requisition process. A requisition allows larger organizations to handle their accounting and finances better.
Process of Requisition
The purchase requisition process starts with a purchase requisition form. These are the documents that are developed by the purchaser and submitted to the finance department of the company.