Measures the time it takes from the creation of a requisition until it is approved and ready for procurement action.

What it Measures ?

Time it takes to approve a purchase request.

Relevant StakeHolders 

Procurement Ops, Team Leads

In-depth Use Case / Real-world Example

A manufacturing company producing steel beams tracks Requisition Processing Time to evaluate how long it takes for internal requests for materials or services to be processed and approved. For example, if the average time to approve a requisition is 3 days, but the company aims for a 1-day approval time, this insight helps the procurement team identify bottlenecks and improve efficiency. Reducing requisition processing time helps speed up production and avoids delays.