How long does it takes to complete a purchase order after my requisition is sent to Purchasing?
. It takes approximately 3 to 10 business days to process a requisition that is under the current threshold of $25,900, depending on the dollar value of the requisition. Purchasing Services uses one of the following methods of processing a requisition, depending on the type of purchase and the estimated total cost: 0 – $2,500 Telephone quotes or direct purchase using Express Purchase Orders 1 – 2 Days following fiscal approval if using requisitions. $2,500 – $9,999.99 3 telephone quotes 3 – 5 days following fiscal approval $10,000 – $17,499.99 3 written quotes 5 – 7 days following fiscal approval $17,500 – $25,900 3 written quotes, plus compliance forms which will be obtained by the Purchasing staff 7 – 10 days following fiscal approval There are a number of factors which may cause a delay of requisition processing. These delays could occur when: * A purchase over the threshold of $25,900 must be competitively bid or a waiver of the bidding process must be approved. * There is a delay
Related Questions
- ACCOUNTS PAYABLE / PURCHASING FREQUENTLY ASKED QUESTIONS What is a requisition, purchase order, receiving report, and invoice?
- Once a requisition is generated can it be used as a purchase order which can be sent to the supplier?
- How long does it takes to complete a purchase order after my requisition is sent to Purchasing?
