What does the term "Requisition" mean in GFEBS?

In the context of GFEBS, the term "Requisition" specifically refers to a formal request for the purchase of goods or services. This is a fundamental aspect of order management within the system, as it initiates the procurement process necessary for obtaining items that are needed to support operations. A requisition typically includes details about the items required, such as quantity and specifications, as well as justification for the purchase and the desired delivery timeline.

Understanding this definition is crucial for using GFEBS effectively because it sets the stage for subsequent stages in the procurement cycle, including approvals, purchasing, and tracking of goods and services. The requisition acts as the foundational document that outlines the organization's needs, ensuring that resources are acquired in a structured and efficient manner. In essence, it is a critical step that aligns organizational needs with financial management protocols within GFEBS.