Diversity is a priority
Our suppliers
Our Suppliers
L’Oréal USA has established a Supplier Diversity Council to manage our supplier diversity program. This program enables L’Oréal to create a broad supplier base of small, minority and women business enterprises. These firms ensure that our Suppliers reflect the broad diversity of the market place we serve.
L’Oréal USA is a proud corporate member of The National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), the New York-New Jersey Minority Purchasing Council and the Asian Enterprise.
Definitions
Minority Business Enterprise (MBE)
A U.S. based business concern (a) which is at least 51 percent owned by minorities, or in the case of any publicly-owned business, at least 51 percent of that business' stock is owned by one or more minorities; and (b) whose management and daily business operations are controlled by one or more of the minority individuals who own it. Minority persons include African-Americans, Hispanics, Asian-Pacific Americans, Asian-Indian Americans, and Native Americans.
Woman Owned Business (WOB)
A U.S.-based business concern (a) which is at least 51 percent owned by women, or in the case of any publicly-owned business, at least 51 percent of that business' stock is owned by one or more women; and (b) whose management and daily business operations are controlled by one or more of the women who own it.
Qualities We Look For In Our Suppliers
Companies that meet L’Oréal USA's procurement specifications and standards of excellence have an opportunity to partner with L’Oréal USA in delivering quality products and services to L’Oréal USA and its customers. Some of the supplier attributes we look for….
1. MBE/WOB supplier certification by a third-party.
2. Suppliers who continually look for ways to help us lower our costs through savings and value analysis.
3. Understanding of L’Oréal USA's business, and ability to grow with us.
4. Proven track record and references.
5. Satisfactory financial standing.
6. Ability to conduct business electronically, e.g. via e-mail and Internet.
7. Value Added knowledge and capabilities.
8. Core competency in supplier's line of business.
9. Comprehension of Supply Chain strategy.
10. Ideal Quality processes (Certified ISO 9000 or equivalent).
Companies in the L’Oréal USA Supplier Diversity Program provide a wide range of products and services, ranging from advertising, packaging, consulting and marketing services, to computers, vehicles, office supplies and uniforms.
Supplier Diversity Program Basics
The Supplier Diversity Program was established to ensure that opportunities for MBE’s/WOB’s to do business with L’Oréal USA existed. A potential impediment facing MBE’s/WOB’s is the complexity of the corporate purchasing environment. Our Supplier Diversity council is dedicated to provide assistance to both the buyer and the seller.
The basic components of USA’s Supplier Diversity Program are:
1. Research of Certified MBE/WOB Suppliers - actively seeking diverse suppliers through minority and business development organizations and participation in various trade show activities.
2. Qualification - review of selected business criteria and referral to appropriate purchaser for consideration.
3. Development - review of additional needs of suppliers and exploring ways to provide assistance to them.
4. Practical Utilization - monitor actual activities in the purchasing processes.
L’Oréal USA has established a Supplier Diversity Council to manage our supplier diversity program. This program enables L’Oréal to create a broad supplier base of small, minority and women business enterprises. These firms ensure that our Suppliers reflect the broad diversity of the market place we serve.
L’Oréal USA is a proud corporate member of The National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), the New York-New Jersey Minority Purchasing Council and the Asian Enterprise.
Definitions
Minority Business Enterprise (MBE)
A U.S. based business concern (a) which is at least 51 percent owned by minorities, or in the case of any publicly-owned business, at least 51 percent of that business' stock is owned by one or more minorities; and (b) whose management and daily business operations are controlled by one or more of the minority individuals who own it. Minority persons include African-Americans, Hispanics, Asian-Pacific Americans, Asian-Indian Americans, and Native Americans.
Woman Owned Business (WOB)
A U.S.-based business concern (a) which is at least 51 percent owned by women, or in the case of any publicly-owned business, at least 51 percent of that business' stock is owned by one or more women; and (b) whose management and daily business operations are controlled by one or more of the women who own it.
Qualities We Look For In Our Suppliers
Companies that meet L’Oréal USA's procurement specifications and standards of excellence have an opportunity to partner with L’Oréal USA in delivering quality products and services to L’Oréal USA and its customers. Some of the supplier attributes we look for….
1. MBE/WOB supplier certification by a third-party.
2. Suppliers who continually look for ways to help us lower our costs through savings and value analysis.
3. Understanding of L’Oréal USA's business, and ability to grow with us.
4. Proven track record and references.
5. Satisfactory financial standing.
6. Ability to conduct business electronically, e.g. via e-mail and Internet.
7. Value Added knowledge and capabilities.
8. Core competency in supplier's line of business.
9. Comprehension of Supply Chain strategy.
10. Ideal Quality processes (Certified ISO 9000 or equivalent).
Companies in the L’Oréal USA Supplier Diversity Program provide a wide range of products and services, ranging from advertising, packaging, consulting and marketing services, to computers, vehicles, office supplies and uniforms.
Supplier Diversity Program Basics
The Supplier Diversity Program was established to ensure that opportunities for MBE’s/WOB’s to do business with L’Oréal USA existed. A potential impediment facing MBE’s/WOB’s is the complexity of the corporate purchasing environment. Our Supplier Diversity council is dedicated to provide assistance to both the buyer and the seller.
The basic components of USA’s Supplier Diversity Program are:
1. Research of Certified MBE/WOB Suppliers - actively seeking diverse suppliers through minority and business development organizations and participation in various trade show activities.
2. Qualification - review of selected business criteria and referral to appropriate purchaser for consideration.
3. Development - review of additional needs of suppliers and exploring ways to provide assistance to them.
4. Practical Utilization - monitor actual activities in the purchasing processes.