RFI
An RFx, that buyers use to obtain detailed information from a supplier is known as Request for Information (RFI). After buyers obtain the required information using an RFI, they can create an RFQ to obtain quotes on items, or conduct an auction.
Buyers can conduct RFIs to complete the following steps:
- Determine whether or not to include a supplier in an RFQ.
- Determine whether or not to associate a supplier with a category.
- Rate or score a supplier.
- Compare suppliers.
- Provide information for supplier profile attributes.
- Understand how suppliers have changed over time.
- Know qualifications of suppliers.
Features
An RFI contains the following features:
- Questionnaires - Questionnaires contain questions for the information that buyers want to seek from suppliers.
- Response - Answers to questionnaires provided by suppliers.
- Raw Score - Buyers can provide a score to supplier responses. The scoring can be done manually or automatically.
- Weighted Score - Indicates the relative score of a questionnaire or question with respect to other questions or questionnaires. This is calculated based on the importance values for the question, which is provided by buyers.
- Rank - The ranking of a supplier is calculated by using the weighted scores to the responses provided by the supplier.