Ben Karp
Global Head of Contracts, Vendor Management & International Operations ▶ Delivering Revenue, ROI, and Profitability Results Through Contract Negotiations, Strategic Supplier Relationships and Product Development
- Role
- Executive Vice President, Global Contracts & Strategic Sourcing at PENNYMAC
- Location
- Los Angeles, CA, US
- LinkedIn followers
- 500 followers
About Ben Karp
A Career of Driving Business Results Through Vision, Strategy and Relentless Execution I’m a visionary Global Strategic Sourcing Executive and Entrepreneurial Business Leader who has repeatedly demonstrated an ability to create highly successful products and services that meet emerging market needs and which deliver strong and sustained contributions to revenue, margins and market penetration. I am passionate about taking ideas from concept through all phases of development and building partnerships based on a foundation of trust and transparency throughout the value chain. Key to my success is my ability to build, inspire, and lead world class, high-performance vendor management teams within cultures of empowerment, engagement, and collaboration. I’m committed to gaining stakeholder consensus, sharing the joy of success across the organization and inspiring others in achieving their goals, while driving cost and operational efficiencies. I have built a reputation as a hands-on, approachable leader who is resolute about always securing win/win outcomes by listening to others, and fostering open and honest communications. My experience spans startup, turnaround and rapid growth operations within private and publicly-held organizations across diverse industries. Accomplishments and strengths that set me apart include: COST SAVINGS—Led Team responsible for negotiating $39M in contracts savings in 2022. CONTRACTS | VENDOR MANAGEMENT—Deployed CLM (Contracts Lifecycle Management) solution and risk management platform supporting global vendor management that mitigated corporate risk and increased operational efficiencies. PRODUCT DEVELOPMENT—Played a pivotal role in the full product lifecycle of products such as NutriBullet® including manufacturing, global distribution and customer support. RETAIL SALES—Played a key role in sales of 9.6M+ products annually through a multi-channel approach. Established and negotiated direct supplier, logistics, and manufacturing agreements. MANUFACTURING—Expedited shipments by 33%, with 12% cost reduction on 4.5 metric tons of a key raw material while negotiating contracts that slashed costs and streamlined supply chain deliveries, When I’m not working I am pursuing a private pilot’s license. I can be reached directly at: b••••••@mac.com
Experience
Executive Vice President, Global Contracts & Strategic Sourcing
Mar 2023 — Present · Westlake Village, CA, US
Education
Pepperdine Graziadio Business School
MBA, Marketing
2009
The George Washington University School of Business
BBA, Information Systems
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