The RAQSCI model is a mnemonic summary of a business model used to define and structure business requirements. With elements ranked in order of importance, RAQSCI stands for: Regulatory Assurance of supply Quality Service Cost (or commercial) Innovation.Counterpoint Courses, Glossary of Procurement Terms, accessed 16 December 2018
The World Bank recommends the model as "an effective way to ensure that [borrowers'] Procurement Objectives are comprehensive", as defining such objectives is seen as a critical step in formulating an effective bid for World Bank project funding.World Bank, Project Procurement Strategy for Development: Long Form Detailed Guidance, published July 2016, accessed 16 December 2018 This model is used educationally to ensure that procurement professionals adopt a broad perspective on business needs and do not focus exclusively on costs.Buessow, S., Are your stakeholders your advocates?, accessed 16 December 2018
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