RAQSCI

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, [https://www.counterpointcourses.com/knowledge-centre/glossary-of-procurement-terms/ 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, [http://pubdocs.worldbank.org/en/847531467334322069/PPSD-Long-Form.pdf 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., [https://www.procurement-academy.com/are-your-stakeholders-your-advocates/ Are your stakeholders your advocates?], accessed 16 December 2018