How AI-ready is your procurement function? Take the free 2-minute assessment.

Check AI Readiness
Cognilix Logo
About
Contact us
Glossary · P

What is Purchase Requisition (PR)?

A Purchase Requisition is an internal request to purchase goods or services. It usually requires approval before a Purchase Order is created.

← Back to full glossary

Related Terms

Predictive AnalyticsPrice BenchmarkingProcure-to-Pay (P2P)Purchase Order (PO)
← PreviousPurchase Order (PO)Next →Quotation Turnaround Time
Talk to an Expert