Which of the following choices represents 'U/P' commonly used in requisition management?

The term 'U/P' in requisition management stands for 'Unit Price.' This refers to the cost associated with a single unit of an item when it is procured or requisitioned. Understanding the unit price is essential for budgeting, tracking spending, and managing inventory effectively within supply chain processes.

In requisition management, accurate knowledge of unit prices helps organizations assess their financial strategies, evaluate supplier contracts, and make informed purchasing decisions. It serves as a critical metric when comparing costs across different suppliers or procurement methods.

While terms like Unit Plan, Unit Purchase, and Unit Process may sound relevant, they do not have the established meaning of 'U/P' in this context. Each of those alternatives focuses on different aspects of supply chain management—Unit Plan could refer to planning for inventory or procurement strategies, Unit Purchase might imply a specific approach to buying items, and Unit Process could pertain to the procedures involved in handling goods. However, none of these terms represents the cost component that is essential in understanding requisition financials like Unit Price does.