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Cost Reduction Analyst Jobs in Michigan (NOW HIRING)

Ability to analyze complex data sets and translate insights into executive-level recommendations. * Experience leading cross-functional root cause or cost-reduction initiatives with measurable impact.

Ability to analyze complex data sets and translate insights into executive-level recommendations. * Experience leading cross-functional root cause or cost-reduction initiatives with measurable impact.

Automotive cost reduction/ Should cost experience. Flexibility to work in a fast-paced environment. Excellent communication skills, both verbal and written Strong Analytical and quantitative skills ...

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Cost Reduction Analyst information

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.

Global Total Cost and TVM Data Analytics Engineer

Allen Park, MI • On-site

Ford Motor Company
Motor Vehicle Manufacturing • 10K+ employees

$128K - $166K/yr

Full-time

Medical, Dental, Life, PTO

Re-posted 2 days ago


Ford Motor Company rating

7.6

Company rating: 7.6 out of 10

Based on 529 frontline employees who took The Breakroom Quiz


Job description


At Ford Motor Company, we believe freedom of movement drives human progress. We also believe in providing you with the freedom to define and realize your dreams. With our incredible plans for the future of mobility, we have a wide variety of opportunities for you to accelerate your career potential as you help us define tomorrow's transportation.
Do you have what it takes to make smart vehicles for a smart world? Join the Ford Product Development team. Utilizing Design Thinking & User Experience methods, you'll work to deliver breakthrough products and services that delight our customers. We're seeking forward-thinking, laser-focused professionals with a passion for bringing innovative, exciting, and sustainable ideas to life. We have opportunities around the world for you to contribute to such advancements as autonomy, electrification, smart mobility technologies, and more!
Responsibilities
What you'll be able to do:
Global Total Cost and TVM Data Analytics Engineer - positions offered by Ford Motor Company (Allen Park, Michigan). Note, this is a hybrid position whereby the employee will work both from home and from the aforementioned worksite. Hence, the employee must live within a reasonable commuting distance from the worksite. Management of design cost reduction activities, focusing on development of global strategic processes and tools, as well as leading the development of global cost applications and dashboards to facilitate collaboration between the global team. Responsibilities also include complex data analysis, presentation, communication, and benchmarking to evaluate and compare part designs, features and technologies of internal benchmarks along with other OEMs. Additionally, the role involves KPI development, reporting and program management to ensure delivery of the identified cost reduction actions.
Qualifications
You'll have...
Master's degree or foreign equivalent in Industrial Engineering or a related field and 8 years of experience in the job offered or a related occupation. Alternatively, employer will accept a Bachelor's degree or foreign equivalent in Industrial Engineering, Information Technology, Computer Science or a related field and 10 years of progressive, post-baccalaureate experience in the job offered or a related occupation. Any suitable combination of education, training, or experience is acceptable. 8 years of experience with each of the following skills is required: 1. Developing the processes, tools, and data using Design Thinking, Lean Design, and Qilksense to support the global organization by delivering design cost reduction activities. 2. Providing actionable business insights and decision support for Design Material Cost management using Qilksense, Alteryx, and AI/LLM tools. 3. Performing complex data analysis using Qilksense, Alteryx, and AI/LLM tools to prepare presentation and communicate at all levels of the Company. 5 years of experience with each of the following skills is required: 1. Developing system solutions using Qilksense, Alteryx, and AI/LLM Tools to drive more efficient delivery of Global Design Material Cost objectives. 2. Conducting end-to-end development, cascade, maintenance and executive level reporting of critical L1/L2 KPIs for Design Material Cost. 3. Leading system modernization workstreams and developing interactive dashboards including Qliksense and Power BI for clear data communication, enhanced transparency to provide improved data accessibility and driving efficiency for strategic initiatives. 4. Reporting to executive level and developing GEMBA proforma for all vehicle lines globally. 5. Maintaining historical repository for robust tracking and in-depth historical analysis using Qilksense, and Sharepoint.. 6. Ensuring data integrity and streamlining operational workflows using Alteryx, AI/LLM tools, and Qilksense, crucial for accurate analytical insights and reliable reporting.
We are offering a salary of $128,710.00 - $166,200.00/yr.
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder...or all the above? No matter what you choose, we offer a work life that works for you, including:
• Immediate medical, dental, and prescription drug coverage
• Flexible family care, parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Vehicle discount program for employees and family members, and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year's Day
• Paid time off and the option to purchase additional vacation time.
For a detailed look at our benefits, click here:
https://fordcareers.co/GSRnon-HTHD
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
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