What does the abbreviation BQ signify in the requisition process?

The abbreviation BQ signifies a cancelled requisition in the requisition process. In the context of requisition management, understanding the status of a requisition is crucial for tracking supply chain efficiency and inventory management. A cancelled requisition indicates that the request for supplies or equipment is no longer valid and has been formally withdrawn from the process.

This status is particularly important as it helps prevent unnecessary procurement actions and allows supply personnel to adjust inventory planning and forecasting accordingly. Recognizing such statuses ensures that resources can be allocated effectively and that existing orders are not duplicated or mismanaged. The other options describe different stages or components of the requisition process but do not represent the meaning of BQ.