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What is Requisition? Its Meaning and Definition

What is Requisition?

  • Requisition means request. In layman terms, it means requesting a higher authority for obtaining something in a formal way. 
  • It can include: goods, services, commodities, supplies, etc.

Definition

“A requisition is a formal request or demand for something to be provided by an organisation. It typically relates to goods, services, commodities, supplies or resources of any kind, etc.”

  • In the context of a corporate organisation, making a requisition means starting a process to get the required/necessary items or services.
  • These items are supplied by the company to their employees. 

Process

  • During the process, you have to fill a form mentioning all the details related to the requirement. 
  • These details may include: quantity, quality, features and specifications of the requirement, and on what dates do you want that to be delivered. 
  • This gives as a formal authorization to acquire/borrow the requested demands for a desired time period.
  • Hence, a proper structure of the supply of goods and services builds an authorised and established procedure within the organisation.

Examples of Goods & Services within Requisition

GOODS:

  1. Technology: Computers, laptops, monitors, software licences, etc.
  2. Office Supplies: Printer cartridges, etc.
  3. Furniture: Desks, chairs, filing cabinets, etc.
  4. Tools & Equipment: Machinery, tools, safety equipment, etc.
  5. Inventory Items: Raw materials, finished products, packaging materials, etc.

 

SERVICES:

  1. Consulting Services: Legal, financial, IT consulting, etc.
  2. Maintenance and Repair Services: Equipment maintenance, vehicle repairs, facility repairs, etc.
  3. Professional Services: Marketing, graphic design, translation services, etc.
  4. Contracted Services: Cleaning, security, catering, waste disposal, etc.
  5. Training Services: Employee training programs, workshops, seminars, etc.

Requisition in Corporate Offices

In corporate offices, the managers of individual departments raise requisition requests related to Human Resource to the HR Department to acquire the requirement. These requisitions contain the specifications of the individual required to accelerate the hiring process. 

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