Chris Krause
Procurement Leader
Argyle,TX
Summary
Procurement and Supply Chain expert, with more than thirty years of experience. Demonstrating world class procurement methodologies for both direct and indirect materials. Collaborating with cross functional organizations to achieve and exceed business goals and objectives.
Overview
26
26
years of professional experience
1
1
Certification
Work History
Sr. Global Category Manager
Corporate Procurement, Abbott
02.2021 - Current
- Develop $1B direct material mechanical strategies for Diagnostic Division
- Work with cross functional teams such as; Legal, Operations, R&D, Sales, Marketing, Management
- Lead negotiations for gross margin improvement projects and strategies
- Conducted negotiation strategy training for cross functional teams across several Abbott Divisions
- Negotiate and implement supplier contracts impacting over $4B in revenue
- Led cross functional team to overcome critical supply chain shortage issues such as: semiconductors and silicone tubing
Division Procurement Manager, Neuromodulation
Abbott
10.2015 - 02.2021
- Negotiated and implemented Supplier Contracts, ranging from $500M to $3B in revenue impact
- Developed & implemented Procurement Engineering Team and Should Cost analysis process
- Negotiations lead, with strategic suppliers resulting in savings up to 23% in book of business
- Generated savings strategies that generated over $11.3 million in EBITA impact
- Developed and implemented supply chain risk mitigation strategies
- Core team member in make vs buy decisions
- Developed a best practice forum amongst other Abbott Divisions
- Mentored and trained team members in strategic sourcing, negotiation best practices
- Worked with cross functional organizations such as, Legal, Marketing, Engineering, Supplier Quality, Operations
Global Leader, Indirect Materials
GE Transportation
03.2015 - 10.2015
- Exceeded GE's cash flow metrics across ALL Global GE Divisions (Days Payable Outstanding - 110)
- Led Global team located in USA, Russia, Mexico, Brazil, Australia and China
- Managed annual department budget of $3.0 million
- Implemented Strategic Material Segments for Global Commodity Leaders
- Achieved direct material cost savings 6.3%.
- Evaluated employee performance and conveyed constructive feedback to improve skills
- Defined clear targets and objectives and communicated to other team members
Procurement Director
NEC America
10.2013 - 01.2015
- Exceeded savings target by 400% in first year
- Executed transformational organizational change, utilizing world class procurement methodologies
- Led strategic supplier selection and recommendation activities including qualitative and quantitative analysis,
- Engineered a global category management structure for Global Purchasing Board
- Implemented Strategic Sourcing Organization, for all Direct and Indirect sourcing activities.
- Negotiated contracts with suppliers to obtain favorable terms and pricing
Procurement Director
Siemens
08.2008 - 10.2013
- Implemented organizational change, converting four (4) purchasing functions into two (2), which reduced redundancy, increased efficiency and streamlined processes that improved internal stakeholder perception of Procurement, leading to an expansion of Procurement involvement in company spend not historically managed by Procurement
- Directed Division's Procurement strategies for key commodities, which represent annual purchase volumes of up to $800M with savings reaching 6.0%
- Benchmarked and implemented an online reverse auction procurement tool, which has been adopted as the corporate standard for eSourcing, which drove over $500K in incremental annual cost savings
- Sourced materials from emerging markets and low-cost countries, such as China, India, Mexico, Philippines and Brazil
- Managed a $2.1 million departmental budget with a diverse procurement staff; have managed up to 28 direct staff representing Tactical Buyers, Strategic Commodity Managers, Proposal Managers and Procurement Project Managers across five (5) virtual locations
- Improved Division's cash flow position by 27% as a result of directing new supplier payment terms to Net 90 days from Net 30 days, leveraging the company's purchasing power.
Supply Chain Manager
Siemens Low Voltage Division
01.2007 - 01.2008
- Spearheaded a development of forecasting processes of $810 million business unit, while achieving product family forecast accuracy of 85%
- Pioneered and launched cross-divisional implementation of Sales & Operations Planning Process that resulted in the improvement of key company metrics, such as on-time delivery, inventory turns and resource allocations
- Led “Sales and Extrinsic Intelligence” project that gathered customer level intelligence from Sales and used relevant leading economic indicators to determine long term company business decisions.
Procurement Engineer
Siemens Corporation
01.2005 - 01.2007
- Developed and implemented initiative for design-to-cost material savings through close collaboration with Engineering and Marketing, which resulted in savings of $2.8 million
- Facilitated product review workshops with an emphasis on reducing bill of material costs of a product; average number of savings opportunities generated from each workshop ranged from 75–115 ideas, equating to approximately $500K in savings per workshop
- Strengthened supply base by identifying, qualifying, and implementing ten (10) new suppliers in accordance with corporate Supplier Development policies.
Global Program Manager, Proposal Manager
ZF Industries
01.1998 - 01.2005
- Engaged with customers, partners and constituent groups to create positive, trusting and professional relationships. Met tight deadlines to satisfy client demands and project timelines.
- Collaborated with development teams, internal customers, and product line management to verify delivery of desired quality requirements to distributors.
- Globally sourced components from low cost countries; Brazil, Italy, Mexico, Korea, China and Hungary
- Developed Business Plans ranging from $30 million to $2.7 billion to support responses to RFQ's from Original Equipment Manufacturer (“OEM”) automotive customers that included, Profit and Loss (“P&L”) statements, balance sheets, and cash flow statements.
Education
Masters of Business Administration - Finance
Brenau University
Gainesville, GA05.2002
Bachelor of Science - Industrial Engineering
Kennesaw State University
Kennesaw, GA06.1997
Skills
- Supplier Negotiations
- Supplier Contracts Management
- New Product Introductions
- Team Transformation
- Category Management
- Organizational Leadership
- Strategic Business Initiatives
- Asset Management Performance
- Global Sourcing
- Team Performance Optimization
- Risk Mitigation
Accomplishments
• Develop direct material, mechanical strategies for Diagnostic Division.
• Work with cross functional teams such as; Legal, Operations, R&D, Sales, Marketing, Management
• Lead negotiations for gross margin improvement projects and strategies.
• Train and coach employees across Divisions on negotiation technics, methods and strategies.
• Negotiate and implement supplier contracts.
• Led cross functional team to overcome critical supply chain shortage issues such as: semiconductors and silicone tubing.
Coach and mentor colleagues in best practices, market intelligence and bench marking
Certification
Green Belt Six Sigma Certified
Certified Quality Engineer Trained
Additional Information
- AWARDS/RECOGNITIONS∞, Siemens Industry 2010 Top Team of the Year Award∞∞Siemens Executive Appreciation Award for Cross Functional Project∞∞Total Quality Management Award, ZF Industries, North America ∞∞Patriotic Employer Award∞
Adjunct Professor, Tarrant County College
Taught students in the areas of Supply Chain and Operations Management
Coached and mentored students in resume writing and interview skills
Lectured on text book materials while tying in current events to the current course work
Timeline
Sr. Global Category Manager
Corporate Procurement, Abbott
02.2021 - Current
Division Procurement Manager, Neuromodulation
Abbott
10.2015 - 02.2021
Global Leader, Indirect Materials
GE Transportation
03.2015 - 10.2015
Procurement Director
NEC America
10.2013 - 01.2015
Procurement Director
Siemens
08.2008 - 10.2013
Supply Chain Manager
Siemens Low Voltage Division
01.2007 - 01.2008
Procurement Engineer
Siemens Corporation
01.2005 - 01.2007
Global Program Manager, Proposal Manager
ZF Industries
01.1998 - 01.2005
Masters of Business Administration - Finance
Brenau University
Bachelor of Science - Industrial Engineering
Kennesaw State University
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