What is Requisitioning in SAP AP-REQ - SRM Internal Request Processing?

SAP Term: Requisitioning

• Component: AP-REQ

• Component Name: SRM Internal Request Processing

• Description: The management and processing of internal requests from employees.

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• Key Concepts: 
  Requisitioning is a component of SAP SRM (Supplier Relationship Management) Internal Request Processing. It is used to create and manage requests for goods and services from internal departments or external suppliers. Requisitioning allows users to create, approve, and track requests for goods and services, as well as manage the associated budget. 
  
  How to use it: 
  Requisitioning can be used to create requests for goods and services from internal departments or external suppliers. The requester can enter the details of the request, such as the item description, quantity, and price. The request is then sent to the approver for approval. Once approved, the request is sent to the supplier for fulfillment. The requester can then track the status of the request and view any associated budget information. 
  
  Tips & Tricks: 
  When creating a requisition, it is important to provide as much detail as possible about the item or service being requested. This will help ensure that the supplier can fulfill the request accurately and in a timely manner. Additionally, it is important to keep track of any budget information associated with the request, as this will help ensure that the request does not exceed any budgetary constraints. 
  
  Related Information: 
  Requisitioning is part of SAP SRM Internal Request Processing, which also includes other components such as Purchase Order Processing and Goods Receipts & Invoice Verification. Additionally, Requisitioning can be integrated with other SAP modules such as Materials Management (MM) and Financial Accounting (FI).