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Cost Reduction Analyst Jobs (NOW HIRING)

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Program Manager, Cost Reduction

Troy, MI

The Cost Reduction Program Manager is a critical role in making that mission a reality. This ... Experience with supplier commercial negotiations, should-cost analysis, and BOM-level cost tracking.

Slate Auto

Program Manager, Cost Reduction

Troy, MI · On-site

$125 - $150/hr

Experience with supplier commercial negotiations, should-cost analysis and BOM-level cost tracking ... Reduction Program Manager is central to that effort, ensuring the savings identified across the ...

Slate Auto

Program Manager, Cost Reduction

Troy, MI · On-site

The Cost Reduction Program Manager is a critical role in making that mission a reality. This ... Experience with supplier commercial negotiations, should-cost analysis, and BOM-level cost tracking.

SL Tennessee

Cost Accountant Analyst

Clinton, TN · On-site

Conduct cost benchmarking and identify cost reduction opportunities. * Support value engineering ... Analyze and report the product and part cost * Create ideas for improvement Job Requirements ...

SL Tennessee

Cost Accountant Analyst

Clinton, TN · On-site

Conduct cost benchmarking and identify cost reduction opportunities. * Support value engineering ... Analyze and report the product and part cost * Create ideas for improvement Job Requirements ...

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Cost Reduction Analyst information

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$37K

$86.3K

$127.5K

How much do cost reduction analyst jobs pay per year?

As of Sep 9, 2026, the average yearly pay for cost reduction analyst in the United States is $86,312.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $100,500.00 per year, depending on experience, location, and employer.

What is a cost reduction analyst?

Cost Reduction Analysts are professionals who specialize in identifying and implementing strategies to decrease expenses and improve efficiency within an organization. They analyze spending patterns, review contracts, and evaluate operational processes to find areas where costs can be reduced without sacrificing quality or performance. Their work often involves collaborating with various departments to ensure cost-saving measures are sustainable and aligned with company goals. By leveraging data and industry best practices, Cost Reduction Analysts help organizations maximize their profitability.

What are the key skills and qualifications needed to thrive as a cost reduction analyst?

To thrive as a Cost Reduction Analyst, you need strong analytical skills, a background in finance or business, and experience with cost modeling and data analysis. Familiarity with tools such as Microsoft Excel, ERP systems, and data visualization platforms, as well as certifications like Six Sigma or Lean, is often required. Excellent problem-solving abilities, attention to detail, and effective communication are vital soft skills for collaborating with teams and presenting recommendations. These skills are crucial for identifying savings opportunities, driving operational efficiency, and delivering measurable cost improvements for the organization.

How does a cost reduction analyst typically collaborate with other departments to identify savings opportunities?

A Cost Reduction Analyst frequently works cross-functionally with teams such as procurement, operations, finance, and supply chain to analyze spending patterns and identify areas for cost improvement. This collaboration often involves gathering and interpreting data from various sources, conducting interviews with department leads, and facilitating workshops to brainstorm cost-saving initiatives. By fostering open communication and building strong working relationships, the analyst can ensure that recommendations are practical, aligned with business goals, and have the support needed for successful implementation.

What is the difference between Cost Reduction Analyst vs Procurement Analyst?

AspectCost Reduction AnalystProcurement Analyst
Required CredentialsBachelor's in finance, economics, or related field; certifications like CPC or CTP beneficialBachelor's in supply chain, business, or related field; certifications like CPSM advantageous
Work EnvironmentCorporate finance departments, consulting firms, or manufacturing companiesProcurement departments, supply chain divisions, or purchasing organizations
Employer & Industry UsageUsed across industries focusing on cost savings and efficiencyPrimarily in manufacturing, retail, and logistics sectors

While both roles focus on cost efficiency, a Cost Reduction Analyst primarily identifies and implements cost-saving strategies within organizations, whereas a Procurement Analyst concentrates on sourcing, negotiating, and managing supplier relationships. The roles often overlap but differ in scope: the Cost Reduction Analyst has a broader focus on internal cost controls, while the Procurement Analyst specializes in external supplier management.

What cities are hiring for Cost Reduction Analyst jobs?

Cities with the most Cost Reduction Analyst job openings:

What states have the most Cost Reduction Analyst jobs?

States with the most job openings for Cost Reduction Analyst jobs include:

What are popular job titles related to Cost Reduction Analyst jobs?

For Cost Reduction Analyst jobs, the most frequently searched job titles are:

Manufacturing Cost Reduction Analyst

Hickory, NC • On-site

Corning
See more jobs at Corningexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Corning rating

8.3

Company rating: 8.3 out of 10

Based on 129 frontline employees who took The Breakroom Quiz

65th of 547 rated manufacturers

Job description

Requisition Number: 77535
The company built on breakthroughs.
Join us.
Corning is one of the world's leading innovators in glass, ceramic, and materials science. From the depths of the ocean to the farthest reaches of space, our technologies push the boundaries of what's possible.
How do we do this? With our people. They break through limitations and expectations - not once in a career, but every day. They help move our company, and the world, forward.
At Corning, there are endless possibilities for making an impact. You can help connect the unconnected, drive the future of automobiles, transform at-home entertainment, and ensure the delivery of lifesaving medicines. And so much more.
Come break through with us.
Our Optical Communications segment has recently evolved from being a manufacturer of optical fiber and cable, hardware and equipment to being a comprehensive provider of industry-leading optical solutions across the broader communications industry.This segment is classified into two main product groupings - carrier network and enterprise network. The carrier network product group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network product group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use.
Purpose of the Position
The Manufacturing Cost Reduction Analyst supports global manufacturing cost reduction initiatives through portfolio reporting, data analytics, and reporting tool development. This role partners with manufacturing sites, Engineering, Finance, and Supply Chain to interpret cost reduction projects, improve reporting visibility, support savings validation, and communicate clear insights to leadership.
This position is well suited for a candidate with an engineering, manufacturing, operations, or process improvement background who is interested in expanding their exposure across manufacturing performance, cost reduction, and division-level decision-making. The ideal candidate is analytically strong, communicates well across functions, and can apply manufacturing understanding to support cost reduction reporting, project interpretation, and business insight.
Key Responsibilities:
  • Drive the monthly cost reduction reporting cycle across global manufacturing sites, ensuring portfolio accuracy, data integrity, and timely reporting
  • Collect, validate, and maintain cost reduction project data aligned with division targets
  • Review project inputs for completeness, consistency, and reasonableness, and coordinate with site teams and Finance to resolve questions and validate assumptions
  • Develop working knowledge of manufacturing processes, cost reduction projects, and process improvement opportunities to interpret reported savings and identify concerns or follow-up items
  • Prepare and communicate monthly cost reduction reports, ad hoc analyses, and leadership updates that translate plant and cost data into clear business insights
  • Develop, maintain, and improve Power BI dashboards and reporting tools, including opportunities to automate and streamline manual reporting processes
  • Support budgeting, forecasting, target-setting, and savings validation activities through coordination with Finance and site teams
  • Drive reporting process improvements related to data quality, workflow efficiency, and management visibility
  • Support engineering cost reduction activities, including workshop preparation, follow-up actions, and portfolio/reporting support as needed
  • Serve as a key resource to plant and engineering teams on cost reduction measures, savings interpretation, portfolio visibility, reporting processes, and portfolio data questions across global manufacturing sites

Travel Requirements:
  • Occasional domestic or international travel may be required, generally up to 10%

Hours of Work / Work Schedule / Flex-Time:
  • Standard business hours are Monday through Friday, with occasional flexibility needed to support deadlines, urgent business needs, or international meetings

Required Education and Experience:
  • Bachelor's degree in Engineering, Manufacturing, Industrial Engineering, Operations, Supply Chain, Data Analytics, or a related field.
  • 3-5 years of experience in manufacturing, engineering, operations, process improvement, analytics.

Required Skills:
  • Manufacturing or engineering foundation with the ability to understand project inputs and connect operational activities to cost outcomes
  • Strong analytical and problem-solving skills, including the ability to interpret data, identify inconsistencies, and support sound decision-making
  • Experience with Power BI, Excel, and data analysis tools used to summarize, interpret, and present business or operational data
  • Ability to build understanding of manufacturing cost drivers and savings logic in support of reporting and portfolio analysis
  • Ability to work effectively with Engineering, Finance, Supply Chain, and manufacturing site teams in a cross-functional environment
  • Strong written and verbal communication skills, including the ability to explain technical and data-driven information clearly to a range of stakeholders
  • Ability to manage recurring deliverables, prioritize multiple requests, and maintain accuracy in a monthly reporting cycle
  • Interest in developing and improving tools, dashboards, and reporting processes that support visibility and decision-making

Preferred Skills:
  • Experience in manufacturing engineering, industrial engineering, process engineering, continuous improvement, or operations support
  • Familiarity with manufacturing cost drivers such as productivity, material utilization, yield, scrap, labor efficiency, and throughput
  • Experience with cost reduction, operational excellence, Lean/Six Sigma, or process improvement initiatives
  • Exposure to manufacturing finance, cost accounting, budgeting, forecasting, or savings validation
  • Experience with Planview or other portfolio/project tracking systems
  • Familiarity with Power Query, DAX, Databricks, or similar data transformation and analytics tools
  • Experience working across multiple manufacturing sites or in a global or matrixed organization

This position does not support immigration sponsorship.
The range for this position is $95,042.00 - $130,683.00 assuming full time status. Starting pay for the successful applicant is dependent on a variety of job-related factors, including but not limited to geographic location, market demands, experience, training, and education.
A job that shapes a life.
Corning offers you the total package.
Your well-being is our priority. Our compensation and benefits package supports your health and wellness, financial aspirations, and career from day one.
  • Company-wide bonuses and long-term incentives align with key business results and ensure you are rewarded when the company performs well. When Corning wins, we all win.
  • As part of our commitment to your financial well-being, we provide a 100% company-paid pension benefit with fixed contributions that grow throughout your career. Combined with matching contributions to your 401(k) savings plan, Corning's total contributions to your retirement accounts can reach between 7% and 12% of your pay, depending on your age and years of service.
  • Our health and well-being benefits include medical, dental, vision, paid parental leave, family building support, fitness, company-paid life insurance, disability, disease management programs, paid time off, and an Employee Assistance Program (EAP) to support you and your family.
  • Getting paid for our work is important, but feeling appreciated and recognized for those contributions motivates us much more. That's why Corning offers a recognition program to celebrate successes and reward colleagues who make exceptional contributions.

We prohibit discrimination on the basis of race, color, gender, age, religion, national origin, sexual orientation, gender identity or expression, disability, veteran status or any other legally protected status.
Corning is committed to providing equal employment opportunities and considers requests for reasonable accommodations in accordance with applicable laws. Individuals with disabilities or sincerely held religious beliefs may request reasonable accommodations to participate in the application or interview process, perform essential job functions, or access other benefits and privileges of employment. To submit a request for reasonable accommodation related to disability or religion, please contact us at accommodations@corning.com.

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