purchase requisition

A form, completed by a user department of an organization and issued to the purchasing department, requiring the latter to effect the purchase of the items specified in the requisition. The requisition usually includes the quantity and specification of the items required, the possible supplier, the date required, and the delivery point.

Accounting dictionary. 2014.

Look at other dictionaries:

  • purchase requisition — UK US noun [C or U] WORKPLACE ► a request made by a department in a company to the purchasing department (= the department responsible for buying) to buy particular goods or services that it needs: »You will need to submit a purchase requisition …   Financial and business terms

  • Purchase requisition — As part of an organization s internal financial controls, the accounting department may institute a purchase requisition process to help manage requests for purchases. Requests for the creation of purchase of goods and services are documented and …   Wikipedia

  • purchase requisition — Fin an internal instruction to a buying office to purchase goods or services, stating their quantity and description and generating a purchase order …   The ultimate business dictionary

  • requisition — ▪ I. requisition req‧ui‧si‧tion 1 [ˌrekwˈzɪʆn] noun [countable] an official written order for something: • government aircraft requisitions • The department must receive a purchase requisition before the items can be supplied.   [m0] ▪ II.… …   Financial and business terms

  • Requisition — A formal request. Shareholders can issue a requisition notice to a company requiring it to put resolutions to a vote. In business, one department of a company might submit a requisition to the purchasing department for supplies it wants to order …   Investment dictionary

  • Purchase order — A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating the type, quantities and agreed prices for products or services the seller will provide to the buyer. Sending a PO to a supplier constitutes a legal offer to …   Wikipedia

  • requisition — A form that requires the recipient department or organization to carry out a specified procedure. Examples are purchase requisition, materials requisition, and manufacturing requisition (see production order) …   Accounting dictionary

  • requisition — A form that requires the recipient department or organization to carry out a specified procedure. Examples are purchase requisition, materials requisition, and manufacturing requisition (see production order) …   Big dictionary of business and management

  • Purchase order request — A Purchase Order Request is a request sent by a company to obtain more stock.The request is a note which tells the purchasing department exactly what stock to order and how much. It is usually used in smaller business who do not have a computer… …   Wikipedia

  • Requisition — A requisition is a request for something, especially a formal written request on a pre printed form. An online requisition is an electronic document, which can be originated by the requester and then using the company workflow or hierarchy rules …   Wikipedia

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