What is Purchase Requisition?
The purchase requisitions feature is a comprehensive tool for managing parts and services requisitioning and ordering. The maintenance department uses this feature to monitor work orders, reorder lists, and requisition records, then produce requisitions as needed.
MPulse allows you to easily track orders and requisitions all the way through receiving and restocking. You can determine your current inventory levels and automatically generate purchase requisitions based on need, reducing purchasing overhead.
Purchase Requisitions vs Purchase Order
Purchase requisitions are internal requests for the purchase of an item or service. Employees use purchase requisition apps or forms to explain what the purchase is and why they need it. It’s a tool to ensure that all business purchases are legitimate and there’s a genuine need for the item that’s being requested. A purchase order is the confirmation of a charge for a product or service that’s sent to an external supplier or vendor. A purchase order is a contract that forms an agreement between the buyer and the seller regarding the goods that the buyer wants to buy.
Benefits of Purchase Requisitions
Purchase requisition procedures help organizations by enabling them to…
- Prevent fraud
- Avoid duplicate orders
- Document purchasing decisions
- Provide proof for financial audits or legal needs
- Manage inventory
- Prevent miscommunication
Purchase Requisition Features & Devices
MPulse Purchase Requisition software includes the ability to…
- Streamline reordering
- Manage inventory
- Identify parts with long lead times
- Set reorder points
- Calculate usage rate by a part’s lead time
- Track shipments
- Document vendor performance and warranty information
Who uses MPulse’s Purchase Requisitions Feature
We like to say, with a wink, “We only serve companies who work in buildings or make something.” MPulse customers work in a wide range of industries, such as…
- Manufacturing
- Discrete Manufacturing
- Process Manufacturing
- Warehouse Management
- Facility Management
- Building Management
- Communication Centers
- Data Centers
- Property Management
- Resorts and Hotels
- Retail
- Healthcare
- Hospitals/Medical Facilities
- Biomed
- Medical Device Manufacturing
- Senior Living Facilities
- Transportation
- Fleet Solutions
- Aviation/Airport
- Government
- Municipalities
- Parks and Recreation
- Water and Wastewater
- Military
- Energy
- Power Generation
- Energy Delivery
- Oil and Gas
- Education
- Colleges & Universities
- K -12 Schools & Districts
- Recreation
- Athletic Clubs
- Sports Arenas
- Amusement Parks/Zoos
- Metal/Mining
