RFI

RFI stands for Request for Information. It is a formal process used by organizations to gather information from potential suppliers or vendors about their products, services, capabilities, and pricing. RFIs are typically issued as part of the procurement process to collect preliminary information and evaluate potential suppliers before issuing a formal request for proposal (RFP) or inviting bids. RFIs help organizations gather relevant details to make informed decisions and select the most suitable suppliers or vendors.