What is a Request for Information?: A Request for Information (or "RFI") is a document which is issued to potential suppliers to allow them to take part in an "Invitation to Tender" process. It is a request for information from the supplier, to help you decide whether or not to appoint them.
When do I use a Request for Information?: You need to issue a Request for Information whenever you want to contract an external supplier to your business. The document will explain to your supplier, the information you need, to help you with your supplier selection.
You can create Request for Information by :
- Defining your supplier needs
- Informing supplier of your procurement process
- Specifying the rules and timeframes for engaging with suppliers
- Selecting suppliers for your business