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.

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. This model is used educationally to ensure that procurement professionals adopt a broad perspective on business needs and do not focus exclusively on costs.