Global cosmetics and beauty company L’Oréal has awarded a three-and-a-half year procurement co-sourcing contract to business process and technology services provider Xchanging.

The deals sees Xchanging manage a significant amount of indirect procurement on behalf of L’Oréal across five countries — France, the UK, Germany, Italy and Spain. The contract runs to 31 December 2014.

Xchanging will also operate on a co-sourcing basis working alongside L’Oréal’s purchasing team to streamline purchasing processes, aiming to improve overall quality and cost.

The contract covers categories of indirect spend including: IT & telecommunications, facilities management, HR, light transport & logistics supplies, travel, industrial supplies & services, utilities and laboratory supplies.

The business process and technology services provider will also provide procurement management activities including reporting, supplier and contract management.