What is meant by "Confirmation of Receipt" in requisition management?

"Confirmation of Receipt" in requisition management refers to the process of verifying that ordered items have been received by the requesting unit. This is crucial in supply chain management as it ensures accountability and trackability of items that are delivered. The term "COR" stands for Confirmation of Receipt, making it the correct choice.

This process typically involves recording the receipt of goods against an order number or requisition number and may include inspections to confirm that the items match what was ordered in terms of quantity, quality, and specifications. Proper documentation of the receipt is important for inventory control, financial accountability, and to trigger the payment process to suppliers.

The other terms listed are not directly associated with the concept of confirming receipt of items in requisition management, which solidifies "COR" as the most appropriate answer.