In plain terms
A request for information is a preliminary questionnaire sent to potential vendors to understand their capabilities, approaches and rough commercial models before a formal tender. It carries no commitment to buy and usually no pricing obligation. Its purpose is to educate the buyer and narrow the field.
Why the early stage carries the weight
Decisions harden earlier than the process chart suggests. The RFI determines which vendors reach the shortlist and which requirements make it into the RFP, so its influence outlasts the document itself. Sophisticated vendors treat RFI responses as an opportunity to plant evaluation criteria that favour their strengths; if their language starts appearing in your RFP, that seed has taken. A buyer who treats the RFI as a formality has often outsourced the framing of their own decision.
How it gets misused
Three patterns recur. RFIs sent to twenty vendors and answered entirely by marketing departments, producing glossy sameness that teaches the buyer nothing. RFIs used as free consulting, which capable vendors learn to decline, thinning the field of exactly the firms you wanted. And RFI findings that are never reconciled: the team collects the responses, forms impressions, and moves to the RFP without anyone recording what was learned or which claims deserved scepticism.