RFI - Request for Information
A request for information (RFI) is a common business process whose purpose is to collect written information about the capability of a supplier. Normally it follows a format that can be used for comparative purposes. An RFI is primarily used to gather information to help make a decision on what steps to take next.
Make sure the opportunity is the right fit before you spend time on the RFI response.
If you want LMS to assist you with filling in the RFI document you must:
- attach RFI document to your order
- itemise the section(s) LMS need to answer
- Don't just chuck it over the fence....9/10 cases most of the RFI could have been answered in house before asking LMS to look at the request. The clock is always ticking...
- inform the date by which the RFI needs to be ready to be returned to the client. Be realistic! There really is no point asking anyone to answer 'asap', or state: 'I must submit this document within 24 hours'....EVERYONE knows this document is published well ahead of the deadline and if you want to get it answered in time, you must allow others to have time to answer!
What you need to keep in mind.
How to Respond to an RFI in 3 Steps
- With response to RFI, follow the same approach as other questionnaires you respond to on behalf of your organization.
- Make sure the opportunity is the right fit before you spend time on the RFI response.
- Comb through the RFI to understand what this organization is looking for.