Sourcing Manager

Position Summary:

The Sourcing Manager is responsible for developing and executing enterprise-wide sourcing strategies that drive value, efficiency, and operational effectiveness. This role establishes and maintains procurement processes, procedures, and controls to ensure the consistent and compliant acquisition of goods and services.

 

The Sourcing Manager leads the strategic procurement function, directly negotiating and managing multi-million-dollar contracts with key suppliers. Additionally, this position proactively identifies and engages suppliers, drives competitive cost savings initiatives, and ensures the business’s supply and service needs are met through strategic partnerships and sound sourcing practices.

 

Major Responsibilities:

• Develop and execute focused sourcing strategies by identifying opportunities, assessing current processes, establishing benchmarks and metrics, and recommending process and cost improvements aligned with business objectives.

• Lead the design, implementation, and continuous improvement of sourcing and procurement processes, including developing project plans, forming cross-functional teams, allocating resources, and driving execution.

• Manage supplier selection and contract negotiations, including RFP/RFQ processes, evaluation, award, and implementation of multi-year, multi-million-dollar agreements

• Establish and manage supplier performance programs by setting goals, defining KPIs, monitoring results, and driving continuous improvement in cost, quality, service, and risk management.

• Oversee the end-to-end procurement process and develop cost savings and value-creation initiatives to support financial and operational goals.

• Evaluate and introduce procurement technologies, tools, and best practices to improve efficiency, visibility, and scalability across the sourcing function.

• Partner with internal stakeholders to ensure sourcing strategies support business needs while maintaining compliance with company policies and controls.

• Perform other duties and projects as assigned.

About Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.