A requisition is a type of formal request - usually initiated by a business or organization - that is used to procure a product or service. Automating the process of requisition and procurement allows businesses to maintain better inventory control and ensures that the proper protocols and regulations are followed. Requisition forms document the exchange from requester to vendor, but are increasingly being replaced by electronic versions.

Procure-to-Pay (P2P) systems are the most common form of requisition automation, and offer a comprehensive solution for businesses to streamline their purchasing and requisition processes. P2P systems allow the requester to select a vendor, enter details such as price and quantity, and authorize the purchase securely, all in one integrated platform. This system can be configured to meet the specific needs of the business, and is highly effective at lowering costs, increasing efficiency and reducing errors.

The most common items requested through a requisition are supplies, materials and additional working hours. However, requisitions can also be used for other types of requests, such as travel or professional services. Companies are increasingly using requisitions to track and monitor spending, so it is important to have an effective system in place.

For organizations that are managing a complex requisition process, using an automated P2P system is the best option. Automation allows businesses to simplify the process and make sure that all the required steps are taken, which increases accuracy and visibility. Automating the requisition process also helps to ensure that all requests are approved in a timely manner, with all necessary documentation in order.

Overall, requisitions are an essential process for businesses and organizations, and should be managed in an effective and efficient manner. Implementing an automated P2P system helps to streamline the process, reduce costs and improve inventory control.