Have you ever heard the term RFI in the realm of procurement and wondered, “What does RFI stand for?” Let us explain!
RFI stands for Request for Information – a document used by buyers to collect information from potential suppliers. An RFI will typically include questions related to product availability, costs, delivery times, quality assurance, warranties, and other important information necessary for buyers to make an informed decision. By using RFIs, buyers can identify which supplier best meets their needs before making a purchase. Easy-peasy!
Want to find out more about oboloo?
Find out how oboloo can give you visibility and control over every part of your procurement process