Search
 

Making Procurement More Dynamic

Pfizers Lisa Martin has transformed procurement into a working capital asset while managing the risks involved.

By John Hintze | Updated on May 06, 2012
Procurement transcends disparate industry sectors such as entertainment and pharmaceuticals. Lisa Martin, chief procurement officer at Pfizer, worked early in her career as a buyer and expeditor at NBC when the network was acquired by General Electric, which she says highly values the procurement and sourcing function.

“It was a very good training ground,” Martin says, adding that working in the entertainment business, with its creative personalities and greater flexibility, gave her another important strength. “I definitely grew a thick skin,” she says.

Martin was working at Warner-Lambert in 2000, when it was acquired by Pfizer. Since then, she has risen to senior vice president and head of the $67.4 billion pharmaceutical company’s global procurement function, leading the development and implementation of sourcing strategies that leverage the $17 billion Pfizer spends annually. Two years ago, Martin was given additional responsibilities for operations, including managing real estate as well as the facilities at the company’s research and development and commercial sites. She now sits on the company’s finance and business operations leadership team and reports directly to CFO Frank D’Amelio.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.