To accompany our development and that of our suppliers, L’Oréal wishes to develop sustainable relationships based upon the mutual respect with competitive suppliers.
L’Oréal assesses the competitiveness of suppliers on the basis of on-site meetings, exchanges of information, cost breakdown analyses, and a thorough analysis of costs, all beginning once a project is initiated.
All along the exchanges with our suppliers and the life cycle of our products, we are seeking together and systematically the best options to optimize the costs.
In this perspective, L’Oreal collaborates continuously with its supplier to find the best overall economical equation.