In addition to the other issues that folks are pointing out in their replies, you may not be able to just put a PWM switch between this power supply and your load. If this power supply is a switching power supply, then in general you cannot be switching its load on and off at high frequency. This can cause instabilities in the control loop of the switched mode power supply, which can cause it to go unstable and overvoltage its output.
If the source power supply is a linear supply, then you would generally be able to put a PWM switch circuit between its output and the load.