Requisition

Requisition

A requisition is a formal request or demand for something, typically used in the context of business, military, or medical fields. It is a document that specifies the items or services needed, the quantity, and the purpose. Requisitions are essential for maintaining organized and efficient operations, ensuring that necessary resources are available when needed.

Types of Requisitions

Requisitions can be categorized into several types based on their purpose and the context in which they are used:

• Purchase Requisition: A document generated by a department to request the procurement of goods or services. It is typically reviewed and approved by the purchasing department before a purchase order is issued.
• Material Requisition: Used in manufacturing and production environments to request raw materials or components needed for production.
• Service Requisition: A request for services rather than physical goods, such as maintenance, consulting, or other professional services.
• Medical Requisition: A document used in healthcare settings to request medical supplies, laboratory tests, or other healthcare services.

Process

The requisition process generally involves several steps:

1. **Identification of Need**: The department or individual identifies the need for goods or services. 2. **Creation of Requisition**: A requisition form is filled out with details such as item description, quantity, and purpose. 3. **Approval**: The requisition is reviewed and approved by the appropriate authority, such as a manager or the purchasing department. 4. **Procurement**: Once approved, the requisition is forwarded to the procurement department to initiate the purchasing process. 5. **Fulfillment**: The requested items or services are procured and delivered to the requesting department.

Importance

Requisitions play a crucial role in organizational efficiency and resource management. They help in:

• **Budget Control**: Ensuring that expenditures are authorized and within budget.
• **Inventory Management**: Keeping track of inventory levels and preventing shortages or overstocking.
• **Accountability**: Providing a paper trail for auditing and accountability purposes.
• **Streamlined Operations**: Facilitating smooth and efficient operations by ensuring timely availability of necessary resources.

Related Pages

• Purchase order
• Inventory management
• Procurement
• Supply chain management
• Budgeting