Final answer:
The requisition date is the date on which a formal request or requisition is made, typically in a business or procurement context.
Step-by-step explanation:
The term requisition date refers to the specific date on which a requisition, or formal request for something, is made. It is commonly used in business and procurement contexts, where it can be important for inventory management, budget planning, and ensuring timely delivery of goods or services. The requisition date can serve as part of the documentation process to track when requests are initiated and might also be used to prioritize the processing of various requisitions within an organization.