Which factor is NOT required to create a purchase requisition?

Creating a purchase requisition is a critical step in the procurement process, requiring certain key factors to ensure that the request is valid and necessary. Among these, details of the requested items, budget availability, and project justification are essential components.

Details of the requested items provide the necessary information about what is being requested, including quantity, specifications, and necessary characteristics. Budget availability is crucial because it ensures that there are sufficient funds allocated to cover the purchase, thereby preventing overspending and maintaining fiscal discipline. Project justification is also important, as it explains the rationale behind the purchase, linking it to specific projects or operational needs.

In contrast, while approval from the finance department may be an important step later in the process, it is not a requirement for creating the initial purchase requisition itself. This difference highlights that a requisition can be generated based on internal needs, and financial approvals can occur after the requisition is in place to ascertain the budgetary implications. Thus, the lack of a necessity for prior finance approval in the very act of creating a purchase requisition makes that factor distinct.