RFI (Request For Information)
Request For Information (RFI) is an officially recognized procurement method used by organizations in order to gather necessary information from external sources. Through the RFI process, organizations solicit vendor responses that provide valuable insight on potential products, services, and solutions as they relate to their needs. By doing so, organizations are able to make well-informed decisions when selecting a service provider or supplier. Moreover, RFI’s provide clear documentation of the procurement process which can be critical for internal compliance and external audit purposes.
