1 Purchase of materials are It is a document which is send to initiated through purchase authorize and record the issue of requisition. materials from stores. 2 A from known as ‘Purchase The store-keeper should issue materials requisition’ is commonly used on the presentation of duly authorized as a formal request to the store requisition note. purchasing department to buy materials specified therein. 3 Since requisitions are received This is a key document in virtually all from certain authorized person costing systems and serves the such as store keeper, following purposes: production planner, plant 1] It authorizes the store-keeper to engineer and department issue the material heads. A purchase requisition 2] To provide a written record of usage serves the following purposes: of materials. 1] It initiates the purchase and sets the purchasing process in motion. 2] It provides a written record of details like quantities, specifications etc. 4 Purchase requisition is meant The store requisition note is used for for purchase department and it making entries in Bin Card, Store is filed by the requisitions for Ledger, Material Abstract etc. his own reference. 5 Original copy of Purchase Original copy of store requisition note is requisition note is passed to passed to the stores department. purchase department 6 Purchase requisition note is Material requisition note is required in required in purchase stores records. procedure.
