{"id":10113,"date":"2017-12-12T09:03:41","date_gmt":"2017-12-12T09:03:41","guid":{"rendered":"https:\/\/ensolva.coming-soon.info\/?p=10113"},"modified":"2017-12-12T09:03:41","modified_gmt":"2017-12-12T09:03:41","slug":"gathering-market-information-through-rfi","status":"publish","type":"post","link":"https:\/\/ensolva.com\/hr\/gathering-market-information-through-rfi\/","title":{"rendered":"Gathering Market Information Through RFI"},"content":{"rendered":"
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\u201cResearch is creating new knowledge.\u201d<\/em><\/strong>
\n(N. Armstrong)<\/em><\/p>\n<\/blockquote>\n

Gathering Market Information Through RFI<\/h1>\n

Regardless of the industry your business is in or which products or services you purchase, it is very important for you to conduct a quality market research before starting the procurement process. Supply and demand are constantly changing, and adapting your business to the market is the key to achieving competitiveness. Every successful company that cares about its customers and associates wants to provide the best. To make this possible, it\u2019s essential to cooperate with reliable suppliers.<\/p>\n

One way of conducting the market research is to send RFIs (Request for Information) to your suppliers. From the very name, it\u2019s clear that RFI serves to gather information in order to simplify decision-making on further steps before entering the negotiation process. RFI is a request sent to a wide range of potential suppliers with the aim of setting criteria, gathering information, preparing RFPs or RFQs, developing a strategy or building a database that will be useful in later negotiations. Some information collected this way is:<\/p>\n