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My friend say that the item name in transaction is used for tracing if some one already changed the name in master item.
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So when you talk about "renaming" an item, there are two cases to consider:
1) An actual renaming or "rebranding" of an item. You need to determine how you want to handle this, but personally I'd simply enter a new item and mark the old one as being discontinued -- "The Hoobdobber's been replaced by the Thingbopper."
2) Updating an item name because it was initially entered wrong -- "Oops, it's a Thingbobber, not a Thingbopper". In this case, you want the changes to be visible where ever the name may appear.
In either case, I'd leave the item name out of the purchase request and purchase order tables. I think you're setting yourself up for a logistical nightmare if you copy the item name for each purchase. "This purchase order says we sold them a Hoobdobber, but it's listed as a Thingbobber. And this one says we sold a Thingbopper -- is that supposed to be a Thingbobber?"