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L'Oreal China SRM
A JOINT PROGRAM AT THE HEART OF THE BUSINESS
The high volume of purchases made by L'Oréal gives the group considerable economic and social leverage. The group has thus decided to use its purchasing program as a way to promote inclusion, through its « Solidarity Sourcing » program, which was launched in 2010. This program is neither a sponsorship program nor a charity; it covers all the geographical regions and purchasing divisions and is completely integrated into the company's business model. It makes it possible to open up the purchasing process to include new types of suppliers: those with better access to major customers and those who employ persons generally excluded from employment (handicapped or socially disadvantaged persons, people in rural communities). This approach is also followed by the existing L'Oréal suppliers when it comes to their own purchasing policies. FIND OUT MORE HERE