What action is required if a Purchase Requisition needs to be canceled?

When a Purchase Requisition needs to be canceled in GFEBS, submitting a cancellation request that is subsequently approved is the required action. This systematic approach helps ensure that all parties have visibility of the adjustment and that the procurement process remains transparent and accountable.

Cancellation requests typically involve a formal process within the system to document the cancellation, ensuring that proper records are maintained. This not only prevents any misunderstandings regarding the procurement status but also allows for any necessary financial adjustments to be handled appropriately.

In contrast, creating a new Purchase Requisition or ignoring the request would not effectively manage the cancellation process, leading to potential confusion or oversight in documentation. Similarly, requiring approval from all team members may complicate the process unnecessarily, as it's more efficient to have a structured cancellation procedure instead. Thus, the requirement to submit and approve a cancellation request ensures that the process aligns with the protocols established within GFEBS for accurate and responsible financial management.