What is the purpose of a purchase requisition?

• A. The purchase requisition assists with reconciling goods.
• B. The purchase requisition is a formal entry of the sold products to an accounting department.
• C. The purchase requisition allows customers to make requests for new items.
• D. The purchase requisition ensures items purchased are only from authorized vendors.

Answer: (D)

A purchase requisition is an internal document used to start the procurement process while placing controls on purchasing. It formalizes a request for goods or services and routes it for approval, budget checks, and vendor selection before any actual buying occurs. This process commonly relies on an approved vendor list, so the requisition helps ensure that purchases come from authorized vendors and adhere to policy.

That focus on using approved vendors is why the option describing purchases from authorized vendors fits best. The other statements describe activities not central to the requisition: reconciling goods happens at receiving/inventory, not at the request stage; recording sold products is part of the sales/accounting side; and letting customers request new items relates to product development or customer service, not internal procurement.