What does 'Availability' in the RAQSCI model address?

Prepare for the CIPS Defining Business Need (L4M2) Test with multiple choice questions and insightful explanations. Enhance your understanding and ensure success!

'Availability' in the RAQSCI model specifically focuses on the supply aspects essential for meeting operational needs. This concept encompasses factors like the capacity of suppliers to deliver goods and services on time and their financial stability, which ensures they can maintain consistent production and supply without disruptions.

When assessing 'Availability,' businesses look at how well suppliers can meet demand based on their operational capacity and financial health. This ensures that the organization can count on a reliable supply chain that can respond efficiently to fluctuations in demand.

In contrast to the other options, which pertain to different aspects of supplier evaluation—such as pricing strategies, quality benchmarks, and regulatory compliance—'Availability' is uniquely concerned with the readiness and reliability of suppliers. Therefore, the emphasis on capacity and financial stability makes it the correct choice in relation to the RAQSCI model.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy