Which document in the procurement process is used to formally commit to purchasing goods or services from a supplier?

The Purchase Order is the document used in the procurement process to formally commit to purchasing goods or services from a supplier. It serves as a legally binding agreement between the purchasing organization and the supplier, detailing the specific items, quantities, and agreed-upon prices. When a Purchase Order is issued, it authorizes the supplier to deliver the specified goods or services and obligates the purchasing organization to make payment upon receipt.

In contrast, a Purchase Requisition is an internal document used by departments within an organization to request the procurement of goods or services, but it does not establish a binding obligation with the supplier. The Request for Quotation is a document that solicits competitive bids from suppliers but does not create any commitment until the final terms are agreed upon in a Purchase Order. A Good Receipt Document is used to confirm the receipt of goods and services, ensuring that what was ordered has been received in the expected condition and quantity, but it also does not initiate any purchasing commitment.