At what point in the process is the total cost of a Purchase Requisition verified?

The total cost of a Purchase Requisition is verified during the submission phase. This is a crucial step in the procurement process, as it ensures that all costs associated with the requisition, such as item prices, shipping fees, and any applicable taxes, are accurately calculated before the request is sent for approval. By confirming the total cost at this early stage, it helps prevent delays and ensures that the requisition adheres to the budget constraints.

Verifying costs at the submission phase is essential because it allows for any necessary adjustments to be made prior to submission. This proactive approach ensures that the requisition is properly aligned with funding and enables smoother processing once it is approved. Additionally, conducting this verification early can help prevent issues further along in the process, such as discovering discrepancies after the approval has been secured, which could complicate the procurement cycle.