General Business Principles

Supplier Lifecycle Management


Making the business relationship with our suppliers efficient and effective is a key to our future success.

 

In order to achieve that, we have taken an important step by making the supplier lifecycle management more digital as part of our Digital Procurement strategy, which will ensure the agility of Philips Integrated Supply Chain.

 

There are multiple touchpoints within a supplier lifecycle, when we make sure our data remains complete and up to date. In the below sections, we describe all the steps within the Supplier Lifecycle Management processes, which may require your involvement as a supplier for Philips.

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