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.

• Bachelor’s degree required; Supply Chain, Business, Finance, or related field preferred

• 8–10 years of progressive experience in sourcing, commodities, and purchasing

• Demonstrated success negotiating and managing multi-million-dollar supplier contracts

• Strong strategic sourcing and category management experience

• Proven ability to lead cross-functional teams and influence stakeholders at all levels

• Advanced negotiation, cost modeling, and total cost of ownership (TCO) analysis skills

• Experience conducting RFP/RFQ processes and supplier evaluations

• Strong knowledge of contract development, financial administration, and risk mitigation

• Experience with supplier relationship management (SRM) and performance metrics

• Proficiency in ERP systems; strong knowledge of Parts Net purchasing system preferred

• Advanced analytical skills with strong proficiency in Excel and procurement reporting tools

• Excellent project management and organizational skills

• Strategic thinker with the ability to challenge assumptions, develop value propositions, and drive measurable cost savings

• Strong written and verbal communication skills, must be proficient in PowerPoint (or similar) presentations

• Any Six Sigma (or equivalent) training – such as Green Belt, Black Belt or Master Black Belt certification - is a plus

• Willingness to travel as necessary, work the required schedule, work at the specific location required

• Successful candidate must complete Penske employment application, submit to a background investigation (past employment, education, and criminal history), and complete a drug screening.

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.

• 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.

• 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.

• 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