What is an RFI?

An RFI (Request for Information) is a formal business process used to gather written information from suppliers or vendors. It is typically used to collect details about the capabilities, products, or services of various suppliers to help make informed decisions1. RFIs are often the first step in a procurement process and can lead to more detailed requests like a Request for Proposal (RFP) or Request for Quotation (RFQ).

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