Michael Strasser Email & Phone Number

Milwaukee, Wisconsin, Us

Houston, Texas, Us

Glasgow, Scotland, Gb

Manage $390M global forging, bearing and machining spend. Develop and implement global, regional and supply chain strategies. Interface between BCC sourcing operations and manufacturing sites. Negotiate and manage global supply agreements

Quincy, Illinois, Us

Manage $500M global spend and procurement functions. Oversee a cross-functional team tasked with identifying sourcing opportunities in castings, forgings and machining for all Gardner Denver's sites in North America. Facilitate spend data analysis, develop sourcing strategies and negotiate savings and contracts.Selected Achievements:➤ Led aggressive cost and risk reduction initiatives covering a wide supply base related to $2.4B in revenue.➤ Decreased product lead time 50% to 75% by establishing targeted supplier managed inventory programs.➤ Drove $20M cost savings, versus plan of $15M, by leveraging castings, forgings and machined parts sourcing processes.

Reduced TCO by managing direct spend and directing best cost country (BCC) sourcing initiatives as part of the corporate sourcing team. Selected Achievements:➤ Achieved 12% total cost savings (annual spend of $300M) by rationalizing supply base and building strategic alliances.➤ Reduced order fulfillment time 80%, generating 20% to 40% costs savings, by launching a new supplier managed inventory program with Chinese supplier for exotic material valve castings.➤ Delivered tactical leadership; developed five-year global casting sourcing strategy and roadmap for success.

Houston, Texas, Us

Established, developed and led an international sourcing team of 23 with members in China, India and Poland to drive significant cost savings across multiple business unit divisions. Oversaw market intelligence gathering, supplier identification/qualification, tactical sourcing, transition management and supplier relationship management.Selected Achievements:➤ Migrated $30M in annual spend from high cost to best cost countries.➤ Facilitated 30% savings on cost of finished goods by leading BCC sourcing initiatives.➤ Spearheaded and implemented stage gate sourcing methodology and supplier scorecards that increased quality, efficiency and productivity.

Houston, Texas, Us

Directed cross-functional team in the execution of high priority direct/indirect savings initiatives with an emphasis on supplier performance and total cost savings.Selected Achievements:➤ Drove $2MM+ annual savings on CNG fuel dispensers; leveraged BCC sourcing and value engineering efforts to drive a comprehensive sourcing initiative.➤ Managed China sourcing team to address a critical supply interruption of key valve components with the supply chain in China; led the team to implement an in-depth action plan in 30 days.➤ Identified and launched a new Ariba e-Sourcing web-based platform for all Dresser business units.

Paris, Fr

Oversaw cross-functional teams that drove long-term sourcing strategies for key global products and services.Selected Achievements:➤ Decreased the cost of ambient cryogenic vaporizers 60% by effectively leveraging spend and saved $1.2M by negotiating a contract amendment regarding the supply of electronic specialty gases.➤ Generated $300K annual savings by conceptualizing a vital initiative to control costs on cellular phones via preferred supply agreements and a new corporate policy implementation. ➤ Directed “Make verses Buy” process along with the sale and outsourcing of cryogenic repair shop/services that generated $411K in sales and $200K in outsourced savings. ➤ Achieved $440K in cost savings via reduced labor and warehousing requirements by executing a time sensitive project to outsource the manufacturing of cryogenic piping assemblies two weeks ahead of schedule.

Us

Supported olefins and specialty chemical manufacturing.

Bs, Chemical Engineering

Masters, Engineering Management