When it comes to procurement, Rfi Business Meaning stands for Request for Information. This is a formal process that businesses use to acquire insights and understanding from vendors in order to inform their decision-making before they make a purchase. By sending an RFI to potential vendors, businesses can obtain the information they need without making any commitments. In the RFI process, vendors have the chance to answer questions about their services or products, allowing buyers to compare and contrast offerings and select the best option for their needs. Whether you’re a small business looking to make an informed purchase decision or a large organization researching vendors, an RFI is a great way to get the facts you need.