Certified Public Procurement Officer (CPPO) Practice Test 2025 - Free CPPO Practice Questions and Study Guide

The acronym RFI stands for "Request for Information." This term is commonly used in procurement processes when an organization seeks to gather more information about products, services, or suppliers to inform decision-making. An RFI is typically the preliminary step in the procurement cycle, allowing the organization to understand the market's capabilities, assess potential suppliers, and clarify any uncertainties before moving forward with a Request for Proposal (RFP) or Request for Quote (RFQ).

Using an RFI enables organizations to gather insights without committing to a purchase, and it helps in creating a well-informed strategy for the next steps in the procurement process. The other options do not reflect standard terminology used in procurement. For instance, "Requisition for Information" is not a recognized term and does not specifically connote the exploratory nature of gathering information. Similarly, "Ready for Inspection" and "Review for Implementation" do not relate to the earlier stages of procurement, focusing instead on later stages in the process.