Material requisition form might be a totally unfamiliar term to many people. It is a form that specifies a company’s demand for a material. This material is then used as a part of their production. This form is issued to a company that holds raw material. The flow of asking for and being supplied with a material is long. With outdated communication method, the production line could be held back. That’s why efficiency matters. If you want to know how to increase efficiency through a form, see our article below.
Why is a form for supply and demand important?
To know why a material requisition form is important, you should hear our reason. The first one is because it makes the transaction predictable. Predictability is what all company craves. Having to deal with the unknown all the time will be costly. A set form will make things much more predictable.
This form also makes things systematic. In a big company, having different forms pile up can make a mess. Meanwhile, demand and supply flow happens all the time. Having one form can make things easier and much more tidy.
Additionally, this form makes the transaction faster. Making a new form every time there’s a transaction takes time. This might slow down the production flow. This form is your answer to a faster production process.
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Contents of a material requisition form
There are a few must-haves in a material requisition form. Having these contents is important as a base. But, you can build more sections according to your needs. Here are the basic contents in the form:
- “Material Requisition” sign
The top part of the form usually says “material requisition”. This is important so that the note is not confused with any other note.
- Form number
Next to the “material requisition” sign, there’s a form number. This isn’t a made up number. The number specifies how many forms have been issued.
- Company’s identity
Another must have is the company identity. You can write down your company name. Otherwise, you could use your company’s logo. It is also important to be detailed about who issued this. Therefore, this part should include a space for the issuer to write their name. You could also provide a place for the issuer to write down their position in the company.
Writing down the date is one of the most important part. It lets the company you’re issuing to estimate when you need the material. It also allows your company to keep track of when a purchase is happening.
- Demanded stuff details
Here, write down the stuff that you want. If there is a code number for a specific stuff, write it down. Also write down the quantity. In this section, you can write down special requests regarding the material you demanded.
The last part of the form consist of the issuer’s signature.
How to issue the form
The content of a material requisition form is now clear. But, how do you issue the form? The first thing you should do is to acquire the form. It can be acquired online or in physical form. It all comes down to your company.
Then, fill out the form by writing down what your company demands. Make sure that you write down the exact quantity. If there’s a special request, put it down in the form too. The last bit is to simply send it. If it is online, send it to the company’s email. Or you can send it to the company’s website. If it is a physical form, send it by mail or go to the company’s office.
Asking for a material have never been easier with a material requisition form. In this form, specifying what you want is easy. All you have to do is to follow the template. You’ll soon witness how your company’s production is more efficient!