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Answer Posted / chandrakumar
Requisition is nothing but a formal request to buy something
(like Inventory material, office supplies etc) needed for
the enterprise. Only an employee can create one. There are
two types of requisitions:
Internal Requisition: Internal requisitions provide the
mechanism for requesting and transferring material from one
inventory to other inventory.
Purchase requisition: Unlike Internal requisitions, Purchase
requisitions are used for requesting material from suppliers.
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