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.[1]
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.[2] This model is used educationally to ensure that procurement professionals adopt a broad perspective on business needs and do not focus exclusively on costs.[3]
References
edit- ^ Counterpoint Courses, Glossary of Procurement Terms, accessed 16 December 2018
- ^ World Bank, Project Procurement Strategy for Development: Long Form Detailed Guidance, published July 2016, accessed 16 December 2018
- ^ Buessow, S., Are your stakeholders your advocates?, accessed 16 December 2018
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