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. The World Bank recommends the model as "an effective way to ensure that [borrowers'] Procurement Objectives are comprehensive". This model is used educationally to ensure that procurement professionals adopt a broad perspective on business needs and do not focus exclusively on costs.
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