What is request for information in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: request for information

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A standard business process to collect written information from a variety of suppliers for comparative purposes.

Smart SAP Assistant

• Key Concepts: 
  Request for Information (RFI) is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to request information from suppliers. It is used to gather information from suppliers about their products, services, and capabilities. The buyer can then use this information to make an informed decision when selecting a supplier. 
  
  How to Use It: 
  To use the Request for Information feature, buyers must first create a request in the SAP LOD-ESO Sourcing OnDemand system. This request should include the type of information needed, the deadline for responses, and any other relevant details. Once the request is created, it can be sent to suppliers who have been invited to participate in the sourcing process. Suppliers can then respond to the request with the requested information. 
  
  Tips & Tricks: 
  When creating a Request for Information, it is important to provide as much detail as possible so that suppliers can provide accurate and complete responses. Additionally, buyers should set a reasonable deadline for responses so that suppliers have enough time to provide the requested information. 
  
  Related Information: 
  For more information on using Request for Information in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation available on the SAP website. Additionally, buyers may find it helpful to consult with their internal procurement team or an external consultant for advice on how best to use this feature.