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 businessu2019s supply and service needs are met through strategic partnerships and sound sourcing practices. Major Responsibilities: u2022 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. u2022 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. u2022 Manage supplier selection and contract negotiations, including RFP/RFQ processes, evaluation, award, and implementation of multi-year, multi-million-dollar agreements u2022 Establish and manage supplier performance programs by setting goals, defining KPIs, monitoring results, and driving continuous improvement in cost, quality, service, and risk management. u2022 Oversee the end-to-end procurement process and develop cost savings and value-creation initiatives to support financial and operational goals. u2022 Evaluate and introduce procurement technologies, tools, and best practices to improve efficiency, visibility, and scalability across the sourcing function. u2022 Partner with internal stakeholders to ensure sourcing strategies support business needs while maintaining compliance with company policies and controls. u2022 Perform other duties and projects as assigned. Qualifications: u2022 Bacheloru2019s degree required; Supply Chain, Business, Finance, or related field preferred u2022 8u201310 years of progressive experience in sourcing, commodities, and purchasing u2022 Demonstrated success negotiating and managing multi-million-dollar supplier contracts u2022 Strong strategic sourcing and category management experience u2022 Proven ability to lead cross-functional teams and influence stakeholders at all levels u2022 Advanced negotiation, cost modeling, and total cost of ownership (TCO) analysis skills u2022 Experience conducting RFP/RFQ processes and supplier evaluations u2022 Strong knowledge of contract development, financial administration, and risk mitigation u2022 Experience with supplier relationship management (SRM) and performance metrics u2022 Proficiency in ERP systems; strong knowledge of Parts Net purchasing system preferred u2022 Advanced analytical skills with strong proficiency in Excel and procurement reporting tools u2022 Excellent project management and organizational skills u2022 Strategic thinker with the ability to challenge assumptions, develop value propositions, and drive measurable cost savings u2022 Strong written and verbal communication skills, must be proficient in PowerPoint (or similar) presentations u2022 Any Six Sigma (or equivalent) training u2013 such as Green Belt, Black Belt or Master Black Belt certification - is a plus u2022 Willingness to travel as necessary, work the required schedule, work at the specific location required u2022 Successful candidate must complete Penske employment application, submit to a background investigation (past employment, education, and criminal history), and complete a drug screening. Physical Requirements: The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. u2022 The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines. u2022 While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg. u2022 Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus. Penske is an Equal Opportunity Employer 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. Job Category: Administrative Job Family: General Administration Address: 100 Gundy Drive Primary Location: US-PA-Reading Employer: Penske Truck Leasing Co., L.P. Req ID: 2601928

Created: 2026-03-07