What does PR Approval address in the procurement workflow?

The approval process for a Purchase Request (PR) is a critical step in the procurement workflow. It serves as a mechanism to ensure that all requests for goods or services are reviewed, evaluated, and authorized before any financial commitments are made. Proper approval processes help to maintain compliance with organizational policies and regulations, ensuring that purchases align with budgetary constraints and procurement guidelines.

This step typically involves verifying the necessity of the request, assessing the potential vendor options, and confirming that the requested items meet the required standards and specifications. The PR approval acts as a gatekeeper in the procurement workflow, ensuring that only valid and necessary purchases proceed to the next stages, such as contract creation or order processing. By establishing this approval system, organizations can better manage their resources and avoid unnecessary expenditures.