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Cost Reduction Engineer Jobs (NOW HIRING)

Agiliti Health, Inc

Own and execute cost-reduction initiatives for medical device products, including BOM optimization ... Lead engineering change activities (ECRs/ECOs) via SolidWorks associated with cost reduction while ...

Trojan Battery Company

Cost Engineer

Charleston, WV · Remote

Position Overview The Cost Engineer applies advanced cost engineering, manufacturing, and supply chain expertise to drive structural cost reduction across Lead-Acid and Lithium-ion battery platforms.

Spin Master

Cost Engineer

Wilton, CT · Hybrid

$105K - $115K/yr

Lead product cost optimization and Value Analysis/Value Engineering (VA/VE) meetings to identify cost reduction opportunities and improve margin performance. * Analyze and itemize product functions ...

C&D Technologies, Inc.

Cost Engineer

Lihue, HI · On-site

Position Overview The Cost Engineer applies advanced cost engineering, manufacturing, and supply chain expertise to drive structural cost reduction across Lead-Acid and Lithium-ion battery platforms.

Agiliti

Senior Continuing Cost Engineer

Milwaukee, WI · On-site

Own and execute cost-reduction initiatives for medical device products, including BOM optimization ... Lead engineering change activities (ECRs/ECOs) via SolidWorks associated with cost reduction while ...

Yazaki

Sr. Cost Specialist

Canton, MI · On-site

Support engineering to reduce cost through standardization of specifications as well as through reduction of complexity. * Identify, evaluate & deploy cost reduction projects along the entire end-to ...

Yazaki

Sr. Cost Specialist

Canton, MI · Hybrid

Support engineering to reduce cost through standardization of specifications as well as through reduction of complexity. * Identify, evaluate & deploy cost reduction projects along the entire end-to ...

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All JobsCost Reduction Engineer Jobs

Cost Reduction Engineer information

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$45.5K

$97K

$139.5K

How much do cost reduction engineer jobs pay per year?

As of Sep 10, 2026, the average yearly pay for cost reduction engineer in the United States is $97,048.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is a cost reduction engineer?

Cost Reduction Engineers are professionals who specialize in analyzing, developing, and implementing strategies to decrease expenses in manufacturing, production, or service processes without compromising quality or performance. They work closely with cross-functional teams to identify cost-saving opportunities, streamline operations, and improve efficiency. Their role often involves conducting value analysis, negotiating with suppliers, and applying lean manufacturing principles to optimize costs across projects and products.

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

To thrive as a Cost Reduction Engineer, you need strong analytical skills, knowledge of manufacturing processes, and a degree in engineering or a related field. Familiarity with cost analysis software, CAD tools, and Lean Six Sigma or similar process improvement certifications is typically required. Effective communication, problem-solving, and cross-functional teamwork are vital soft skills for identifying and implementing cost-saving initiatives. These competencies are essential for driving profitability and operational efficiency while maintaining product quality.

What are some typical challenges a cost reduction engineer faces when implementing cost-saving initiatives?

Cost Reduction Engineers often encounter challenges such as balancing cost-saving goals with maintaining product quality and performance. They must navigate cross-functional collaboration, aligning priorities between engineering, procurement, and production teams. Resistance to change from stakeholders and the need to identify sustainable, long-term savings—rather than short-term fixes—are also common hurdles. Effective communication, data-driven analysis, and a proactive approach to stakeholder engagement are key to overcoming these challenges and ensuring successful cost reduction projects.

What is the difference between Cost Reduction Engineer vs Process Engineer?

AspectCost Reduction EngineerProcess Engineer
Primary FocusIdentifying cost-saving opportunities across operations and supply chainDesigning, implementing, and optimizing manufacturing or business processes
Skills & CertificationsCost analysis, Lean/Six Sigma, engineering fundamentalsProcess design, Lean, Six Sigma, engineering principles
Work EnvironmentManufacturing plants, supply chain, corporate officesManufacturing facilities, R&D labs, production lines
Industry UsageManufacturing, industrial, supply chain sectorsManufacturing, engineering, industrial sectors

While both roles involve process improvement and efficiency, the Cost Reduction Engineer primarily focuses on reducing costs across operations, whereas the Process Engineer concentrates on designing and optimizing manufacturing processes. Both roles often require similar certifications like Lean or Six Sigma and are found in manufacturing and industrial environments.

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

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Cost Reduction Engineer jobs near you
Infographic showing various Cost Reduction Engineer job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.

Cost Engineer

Auburn Hills, MI • On-site

Noblesoft Technologies
Software Development • 51 - 200 employees
Learn more about Noblesoft Technologiesexternal

Contractor

Re-posted 11 days ago

Job description

Position: Cost Engineer –Stamping & welding  
Location: Auburn Hills, Michigan USA
Experience requirement    Minimum 5 years in Manufacturing & Costing, Total exp – more than 10 years 
Key words to search     Should costing, Stamping & Welding, Tooling & fixtures, Automotive, Suspension & Frames Parts, Manufacturing, Casting’s, Forging, Machining, 
Target companies    Automotive Tier 1 & 2 companies, Automotive Passenger car OEM’s 
Job Description  
•    Work experience in manufacturing, production, quality, process expertise and costing Field 
•    Expertise in Steel/Aluminum Stamping and Welding: Progressive/Transfer/Tandem press - defining welding lines industrialization by capacity and welding seams/spot design 
•    Knowledge in casting processes: Gravity casting, LPDC, HPDC.  
•    Supplier negotiation 
Mandatory requirements
•    Bachelor’s in mechanical engineering or manufacturing 
•    Manufacturing processes knowledge in combination with relevant experience in developing EDD, variable and tooling costs for automotive components.
 DESIGN TO COST:
•    Provide Engineering with support during the vehicle development phase for target achievement (Design to Cost)
•    Release cost engineering estimate by reference or through bottom-up analysis during development phase up to contract milestones
SOURCING:
•    SHOULD COST CALCULATION through bottom-up approach for new & modified purchased components (variable & supplier tooling) to support Project Team business cases (Initiatives, Product Actions, Feasibility studies and others) 
•    Provide purchasing support during supplier negotiations through gap analysis of supplier’s price breakdown detail 
SERIAL LIFE:
•    Evaluate engineering changes to establish technical cost for the change and identify the cost drivers for variable and supplier tooling
•    Collaborate component technical solution cost drivers with suppliers for variable cost & tooling
COMMODITY CHAMPION:
•    Periodic Supplier visits to maintain & improve internal know-how of manufacturing processes & best practices
•    Identify potential cost optimization opportunities and support company technical cost reduction activities
•    Provide global component cost comparison analysis by working with the Project Cost Engineering community
•    Develop the cost structure for component standardization plans
•    Identify opportunities from benchmarking, innovation technologies, best countries
Behavioral Skills:
•    Planning & Prioritizing
•    Eye for details
•    Communication – Assertive, Persuasive
•    Interpersonal skills
•    Problem solving skills
Qualifications
•    Advanced Degree in Engineering or Manufacturing or Business.
•    Proficiency in NX and Teamcenter.
Advantageous
•    Required Automotive industry experience. 
•    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 with ability to draw decisions using data and metrics