An RFI is a preliminary document, usually sent early in the buying process, with the purpose to gather general information about a vendor’s ability to meet a company’s needs. 

Why use an RFI?

The main purpose of an RFI is to get an idea of potentially suitable software products and their capabilities, along with vendors and prices.

Additionally, an RFI can be used to: 

  • Potentially adjust the scope of a project and to disqualify unsuitable products
  • Inform potential vendors that you intend to source this product or service competitively and want to begin a conversation
  • Show that you are acting fairly and including all participants

Related articles

Read these articles to learn more about RFIs:

  1. Creating an RFI
  2. Getting started with the Buyer Inbox
  3. Managing your RFI
Did this answer your question?