Browse Definitions :
Definition

requisition

Contributor(s): Matthew Haughn

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

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

  • smart contract

    A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies...

  • risk map (risk heat map)

    A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A...

SearchSecurity

  • certificate authority (CA)

    A certificate authority (CA) is a trusted entity that issues digital certificates, which are data files used to cryptographically...

  • hacktivism

    Hacktivism is the act of hacking, or breaking into a computer system, for a politically or socially motivated purpose.

  • advanced persistent threat (APT)

    An advanced persistent threat (APT) is a prolonged and targeted cyberattack in which an intruder gains access to a network and ...

SearchHealthIT

  • Cerner Corp.

    Cerner Corp. is a public company in North Kansas City, Mo., that provides various health information technologies, ranging from ...

  • clinical decision support system (CDSS)

    A clinical decision support system (CDSS) is an application that analyzes data to help healthcare providers make decisions and ...

  • Health IT (health information technology)

    Health IT (health information technology) is the area of IT involving the design, development, creation, use and maintenance of ...

SearchDisasterRecovery

  • tabletop exercise (TTX)

    A tabletop exercise (TTX) is a disaster preparedness activity that takes participants through the process of dealing with a ...

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a data center.

  • ransomware recovery

    Ransomware recovery is the process of resuming options following a cyberattack that demands payment in exchange for unlocking ...

SearchStorage

  • SSD (solid-state drive)

    An SSD (solid-state drive) is a type of nonvolatile storage media that stores persistent data on solid-state flash memory.

  • file system

    In a computer, a file system -- sometimes written filesystem -- is the way in which files are named and where they are placed ...

  • storage virtualization

    Storage virtualization is the pooling of physical storage from multiple storage devices into what appears to be a single storage ...

Close