Pfizer Supplier Diversity

1
Pfizer Supplier Diversity

• June 26, 2008

2
Pfizers Supplier Diversity Background

• Pfizer seeks ways to support and strengthen
  customers communities
• Started as a small business built by immigrants
  in 1849
• Growth has been connected to the health and
  well-being of our customers
• Pfizer continues to build strong business
  relationships that contribute to the long-term
  health and vitality of minority communities
• Pfizer uses a proactive supplier diversity
  process that seeks to
• Provide minority and women owned suppliers with
  equal access to procurement opportunities
• Promote supplier participation reflective of the
  diverse business communities and encourage
  economic development
• Create jobs, economic development, and multiple
  mutual benefits

Pfizer Striving To Achieve A World Class Supplier
Diversity Program
3
Benefits of International Supplier Diversity
Development

• External Relationships
• Enhances relationships with local government
  entities
• Increase exposure to diversity community through
  effective outreach campaigns

• Good Corporate Citizenship
• Allows Pfizer to build a best-in-class overall
  corporate diversity effort
• Aligns with Corporate Values and Corporate
  Affairs initiatives

• Increased Market Share
• Strengthens Pfizers brand equities in loyal but
  historically underutilized business markets
• Increases Market Share, Profits and Shareholder
  Value

4
Supplier Diversity Team Structure Targeted At
Domestic And International Opportunities
Supplier Diversity Team
Gwen Turner Director, Supplier Diversity
Rondu Vincent Manager, Supplier Diversity
Ron Smith Canada
Bobby Dhanoa United Kingdom
Lydia Crespo Puerto Rico
Irene Coronado La Jolla
Scott Whelan New London
Advocates
5
The Center Team And Site Advocates Have Different
Responsibilities

• Supplier Diversity Team
• Lead Supplier Diversity Site Advocate Program
• Senior Management Communication Updates
• Program Development
• Project Management
• External Organization Support
• Media Relations
• Internal Training
• Support other Diversity Teams
• Staffing/Budget/Consultants

• Supplier Diversity Site Advocates
• Identify Develop Policy/Procedures/Projects
• Communication Liaison Between Pfizer HQ and Site
• Mentor and Develop Suppliers
• Solicit Participation Buy-in Locally
• Cross-Functional Support
• Measure/Monitor/Track Progress
• Support local Minority/Women Business Advocacy
  Organizations
• Represent Pfizer on Local/ Regional Advocacy
  Boards

6
International Supplier Diversity Evolution.
Opportunities
Challenges

• Leverage effort to grow market share
• Enhance Supplier and Employee relations
• Alignment with government and social issues of a
  country
• Embraces Corporate Social Responsibility efforts
  of many key customers

• Validate the Business Case
• Paradigm/Change Management
• Identify business aspects that will drive
  international growth drive
• Determine if your company is leading or following

7
Pfizer Supplier Diversity Internationally
8
Your first steps

• Create the business case
• Obtain Management support and Area support
• Assess the Economic Investment
• Scrub database
• Create goals and key matrix
• Develop education/training tools
• Implement, Execute and Monitor

9
Questions Answers