A requisition form is a document used to request goods or services from a person or department in a company that is responsible for purchasing. The form typically includes details about the item(s) requested, the date of the request, the individual and department making the request, and the location where the goods should be delivered. Requisitions are usually submitted in a standardized format on a paper form or through e-procurement software that automates some of the tasks involved and reduces duplication of effort. Once the request is approved, the responsible entity will submit a purchase order (PO) to a supplier for the goods or services. Requisitions are often used in businesses and organizations to streamline the process of requesting and procuring supplies.

Requisition forms are essential to the procurement processes within a company. They help prevent fraud and allow management to exercise control over employee purchases. Having a digital audit trail of requisition form submissions helps organizations streamline the process. The requisition process is an internal one and varies among companies, but it typically requires standardized documents, known as requisition forms, to maintain an audit trail.

In general, requisition forms are used whenever an individual or organization needs to request something from another party. This could be anything from ordering supplies to requesting financial assistance. Requisitions are also used to procure additional supplies, raw materials, or working hours for better inventory control.

In conclusion, a requisition form is a formal request for obtaining a product or service, typically initiated by a business. It is a standardized way of keeping track of and accounting for all requisitions made within a business.