Definition, Meaning & Synonyms

RFI

Noun

ˌɑːr ɛf ˈaɪ

Definition

RFI stands for ‘Request for Information’. It is a formal process used by organizations to solicit information from suppliers or vendors about their products or services.

Examples

Before issuing the RFP, the company sent out an RFI to gather more details about potential vendors.
The tech firm released an RFI to explore innovative solutions for their upcoming project.

Meaning

An RFI is often the first step before initiating a procurement process, allowing the requesting party to gather information to make informed decisions.