What is a requisition number?

A requisition number is a unique identifier assigned to a purchase request or order within an organization. It is used to track and manage the procurement process, allowing for easy reference and communication between departments involved in purchasing goods or services.

Requisition numbers are typically generated by an organization's procurement or finance department when a purchase request is submitted. This number helps to streamline the purchasing process and ensures that all steps are properly documented and tracked.

Requisition numbers may also be used to allocate budget funds, track spending, and monitor the status of purchase orders. They are often included on invoices, receipts, and other documentation related to the purchase transaction.

Overall, requisition numbers play a crucial role in the procurement process by providing a systematic way to manage and track purchase requests and orders within an organization.