What is a Purchase Requisition?

A Purchase Requisition is a method by which Goods/Services can be Purchased from a Supplier. In Oracle a Purchase Requisition is routed for Approval using Workflow engine. Once approved, this Requisition is often converted to RFQ (Request for Quotation). A Purchase Requisition is usually generated by User Departement or the personnel who are actually going to use the goods or services received from the Requisition.