Which indicator is relevant for the overall approval of purchase requisitions?

The "Overall approval required" indicator is crucial for ensuring that a purchase requisition is subjected to the appropriate approval processes before proceeding. This indicator signifies that a requisition must receive all necessary approvals from designated approvers, either due to company policy, specific financial thresholds, or compliance requirements.

When this indicator is activated, it prompts reviewers to assess the entire requisition as a cohesive document, ensuring that all items included are validated and sanctioned based on organizational protocols. This is particularly relevant in environments where regulatory adherence and financial accountability are paramount, as it helps organizations mitigate risks associated with unauthorized or unapproved expenditures.

In contrast, the other indicators serve specific purposes but don't encompass the overall approval necessity. For instance, the "Release requirements met" indicator focuses on whether the conditions for releasing the requisition are satisfied, while the "Item approval needed" indicator addresses approvals on a per-item basis rather than the entire requisition. The "Purchase requisition active" indicator simply denotes whether the requisition is currently active in the system, which does not relate directly to the approval aspect.

Hence, the "Overall approval required" indicator plays a pivotal role in managing the comprehensive approval workflow for purchase requisitions, aligning with governance processes and ensuring proper oversight.