Browse Definitions :
Definition

requisition

A requisition, in procurement, is a request for goods or services made by an employee to the person or department in a company that is responsible for purchasing. If the request is approved, that entity will submit a purchase order (PO) to a supplier for the goods or services. In this context, a requisition is also known as a purchase requisition.

Requisitions are usually submitted in a standardized format on a paper form or through e-procurement software that automates some of the tasks involved and reduces duplication of effort. A requisition form, whether physical or digital, typically includes the details about the item(s) requested, the date of the request, the individual and department making the request and the location where the goods should be delivered. Copies of the requisition, the purchase order, the invoice and the packing slip are usually stored together.

In other contexts, requisition means a formal request or demand, which might be (among many other things) a physician’s request for an MRI for a patient or a demand from shareholders to a board of directors, requiring them to vote on any resolutions that are proposed.

This was last updated in May 2016

Continue Reading About requisition

SearchNetworking
SearchSecurity
  • Patch Tuesday

    Patch Tuesday is the unofficial name of Microsoft's monthly scheduled release of security fixes for the Windows operating system ...

  • parameter tampering

    Parameter tampering is a type of web-based cyber attack in which certain parameters in a URL are changed without a user's ...

  • SYN flood attack

    A SYN flood attack is a type of denial-of-service (DoS) attack on a computer server.

SearchCIO
  • chief procurement officer (CPO)

    The chief procurement officer, or CPO, leads an organization's procurement department and oversees the acquisitions of goods and ...

  • Lean Six Sigma

    Lean Six Sigma is a data-driven approach to improving efficiency, customer satisfaction and profits.

  • change management

    Change management is a systematic approach to dealing with the transition or transformation of an organization's goals, processes...

SearchHRSoftware
SearchCustomerExperience
  • clickstream data (clickstream analytics)

    Clickstream data and clickstream analytics are the processes involved in collecting, analyzing and reporting aggregate data about...

  • neuromarketing

    Neuromarketing is the study of how people's brains respond to advertising and other brand-related messages by scientifically ...

  • contextual marketing

    Contextual marketing is an online marketing strategy model in which people are served with targeted advertising based on their ...

Close