Which of the following is a purpose of a Purchase Requisition in GFEBS?

A Purchase Requisition in GFEBS serves as an internal request to formally initiate the acquisition of goods or services within an organization. It represents the first step in the procurement process, where a department identifies a need for items and requests that procurement or purchasing teams take action to fulfill that need. This initial request ensures that all necessary controls are in place before a purchase is made, allowing for proper workflow, budget allocation, and approval processes.

While negotiating prices, creating delivery schedules, and managing inventory levels are important aspects of the overall supply chain and procurement process, they take place downstream from the purchase requisition. The requisition focuses primarily on signaling a need rather than executing aspects of purchasing and inventory management. This makes it a crucial component in ensuring that proper procedures are followed when an organization decides to procure necessary goods and services.