What information is essential in a purchase requisition?

In a purchase requisition, the essential information needed is the requested items and quantities. This is critical for several reasons. First, the purchase requisition serves as an internal document that initiates the procurement process, detailing exactly what goods or services are required. By specifying the items and their respective quantities, the requisition guides the purchasing department in fulfilling the request accurately, ensuring that the organization acquires the correct materials to meet its operational needs.

Furthermore, having a clear outline of the requested items and quantities helps in budgeting and financial planning, as it provides a basis for estimating costs and managing inventory levels. It also facilitates communication between departments and aids in maintaining supplier relationships by ensuring that orders are processed efficiently and accurately.

While the other options may provide valuable information in different contexts, they are not fundamental to the purchase requisition itself. Factors such as vendor payment history, employee performance records, and previous procurement bids might be relevant at other stages of the procurement process but do not constitute the primary data required in a purchase requisition.