What does it indicate when a requisition status changes to "closed"?

When a requisition status changes to "closed," it indicates that the item has been received and processed. This status serves as a final confirmation that the requisition has been completed, meaning that all necessary actions associated with it have been finalized. The closure of a requisition reflects a successful transaction, where the requested item has not only arrived at its destination but also has been officially acknowledged into the system.

This status is critical in supply chain management as it helps maintain accurate records of inventory and ensures accountability for the supplies received. By closing the requisition, it allows for better tracking of resources and provides necessary updates to inventory levels, facilitating future requisition processes.