Principle 5 - System approach to management: Identifying, understanding and managing interrelated processes as a system contributes to the organization's effectiveness and efficiency in achieving its objectives. Principle 6 - Continual improvement: Continual improvement of the organization's overall performance should be a permanent objective of the organization. Principle 7 - Factual approach to decision making: Effective decisions are based on the analysis of data and information Principle 8 - Mutually beneficial supplier relationships: An organization and its suppliers are interdependent and a mutually beneficial relationship enhances the ability of both to create value. |