Purchase requisition

Implementation Updated by Implementation

What is Purchase Requisition?

Purchase requisition is basically formal request to buy a material. This request created by user department. for a consumable material. In other words, It notify the purchasing department of items it needs to order, their quantity, and the time frame.

Overview

Purchase requisitions are a document used when an employee needs to make a purchase or an order request on behalf of their company. It is a document that is used to inform department managers or the purchasing officer of the decision so that the purchasing department can start the purchasing process. The finance team will also use this document to coordinate reporting procedures with the accounting department as well.

Use Cases

Suppose that there is a company Shri sai Pvt. Ltd. that manufactures shirts they always need purchases items to produce the finished products.Requisition allows departmental managers to place orders directly with the suppliers.Managers make a request for materials which they are needed. Upon materials running low, the departmental manager fills out the requisition form, indicating the quantity required, as well as some details about the order as well as the vendor.

When the purchasing department receives the requisition form, they are supposed to go through it and take action. The action can be approval, alteration or even denying the request.The finance team will also use this document to coordinate reporting procedures with the accounting department as well.

Steps to be preformed to Create Purchase Requisition

1.Go to Purchase in the Material Management Module

2. Go to app section and Subscribe purchase requisition app.

3. Subscribed and turn on setting.

4.Next Click on Document series.

5.Specify the Group > Document > Document Type> Description of the Series > Save and continue as shown below.

6. Then click on Purchase Requisition.

7.Now enter other details about the Purchase Requisition such as

Purchase type > Document Date > Requirement Date > Material Group > Remarks (if Required)

8. Select Material > Enter Quantity > Remarks > Click on Add.

9. Selected item is added with quantity and Remarks as you can see in below image.

10.Click on Save and continue.

11. Click edit option if you want any changes in it.

12, Click on Report to check all documents list.

13.You can check the report and download the same in excel forma

Click here to navigate Purchase order

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