The company’s mission for Supply Management is to create value by extracting the power of One Philips and transforming the transactional purchasing function into strategic Supply Management. Leveraging the company’s spend and resources in key areas and negotiating as One Philips improves time-to-market, reduces total cost of ownership and increases quality.
The ever more rapid pace of innovation means we also work closely with suppliers. We involve them early in product development to help us innovate quickly and to meet our customers’ expectations. Where possible we design in standard solutions to better capture value and reduce the lifetime costs of our products. To do this effectively, we constantly review our supply base and build strong relationships with strategic suppliers. | 
