Skip to contentSkip to search

Purchase requisition

A purchase requisition is an internal request for goods or services, identifying the need, quantity and other requirements for approval. It helps control expenditure before an external order is placed. An authorised buyer may then issue a purchase order to the supplier. A requisition is therefore distinct from an external supplier contract, a goods receipt record or an invoice, and should not be recorded as a purchase merely because it exists.

Worked example

The stores department requests 500 units of material X after reviewing stock levels. Purchasing approves the request and issues a separate order to the supplier.

Common mistake

Do not confuse a purchase requisition with a material requisition used to issue existing stock from stores to production.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA MA Direct September 2026–June 2027
FIA FMA Direct September 2026–June 2027