A Request for Information (RFI) is a formal process used by organizations to gather information about products, services, or suppliers. It helps businesses understand the options available in the market before making decisions. An RFI typically includes questions that allow vendors to provide details about their offerings, capabilities, and experience. Organizations often use RFIs in the early stages of a project to assess potential solutions and identify suitable vendors. This process can lead to a more informed Request for Proposal (RFP) later on, where specific requirements and criteria are outlined for potential suppliers, such as contractors or service providers.