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Cost Reduction Engineer Jobs (NOW HIRING)

Cost Engineer

Wilton, CT · On-site

$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 ...

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.

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 ...

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.

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 ...

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 ...

Sr. Cost Specialist

Canton, MI · On-site

$90 - $120/hr

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 ...

New

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 ...

Senior Cost Engineer

Oshkosh, WI · On-site

$73K - $117K/yr

The Senior Cost Engineer is responsible for developing, validating, and managing product and ... Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and ...

Senior Cost Engineer

Oshkosh, WI · On-site

$73K - $117K/yr

The Senior Cost Engineer is responsible for developing, validating, and managing product and ... Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and ...

Cost Engineer -Engine & Propulsion system Location: Auburn Hills, MI JD: Essential Technical skills ... Automotive cost reduction/ Should cost experience. Flexibility to work in a fast-paced environment.

Senior Cost Engineer

Hagerstown, MD · On-site

$73K - $117K/yr

The Senior Cost Engineer is responsible for developing, validating, and managing product and ... Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and ...

Senior Cost Engineer

Spartanburg, SC · On-site

$73K - $117K/yr

The Senior Cost Engineer is responsible for developing, validating, and managing product and ... Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and ...

Showing results 21-40

Cost Reduction Engineer information

See salary details

$45.5K

$97K

$139.5K

How much do cost reduction engineer jobs pay per year?

As of Aug 20, 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.

More about Cost Reduction Engineer jobs
Infographic showing various Cost Reduction Engineer job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.

Strategic Cost Optimization Manager (Bilingual - Chinese)

APPLIED OPTOELECTRONICS INC

Sugar Land, TX • On-site

$100 - $130/hr

Other

Medical, Dental, Vision, Retirement, PTO

Re-posted 20 days ago


Job description

AOI is committed to providing equal opportunity in all of our employment practices, including hiring, placement, promotion, training, transfer and compensation, to all qualified applicants and employees without regard to race, color, national origin, citizenship, religion, sex, veteran status, age, disability, marital status, or any other category protected by State or U.S. Federal law. Moreover, we endeavor to treat our employees fairly.

Strategic Cost Optimization Manager (Bilingual - Chinese)

We are seeking a highly analytical and results-oriented Strategic Cost Optimization Manager to lead corporate-wide cost reduction initiatives across global operations, supporting the company’s objective of achieving a 20% cost reduction target by the end of 2027.

This role serves as the central coordinator and catalyst for cost optimization efforts across manufacturing sites in the United States, China, and Taiwan, partnering closely with Engineering, Operations, Supply Chain, Finance, Manufacturing, and key suppliers. The position is responsible for identifying, developing, tracking, and executing cost reduction opportunities across materials, PCBA, optical components, semiconductors, telecom hardware, manufacturing processes, logistics, and capital investments.

In addition, the role will support strategic supply management and material/equipment recovery or pull-in activities as needed, particularly for globally constrained or business‑critical IC components and capital equipment shared across multiple manufacturing sites.

The ideal candidate possesses strong cost modeling, supply chain, manufacturing, and financial analysis capabilities, with proven experience leading cross‑functional cost reduction programs in a high‑volume electronics, semiconductor, optical networking, or telecommunications manufacturing environment.

Job Duties
  • Develop and drive a multi‑year global cost optimization roadmap aligned with corporate profitability and margin improvement objectives
  • Lead cross‑functional cost reduction initiatives across materials, manufacturing, supply chain, logistics, and operational expenditures
  • Coordinate cost reduction activities across manufacturing and sourcing teams in the United States, China, and Taiwan
  • Establish annual, quarterly, and monthly cost reduction targets and monitor progress against commitments
  • Drive accountability across stakeholders to ensure achievement of cost reduction goals and project milestones
  • Prepare executive‑level dashboards, KPI reporting, and management reviews on cost reduction performance
  • Quantify and validate realized savings in partnership with Finance
Cost Analysis & Value Engineering
  • Perform detailed cost modeling, should‑cost analysis, benchmarking, and total cost of ownership (TCO) evaluations
  • Identify cost reduction opportunities through value engineering, design‑to‑cost, process optimization, and supplier collaboration
  • Analyze product cost structures including optical transceivers, PCBA, wafers, semiconductors, mechanical assemblies, and telecom hardware
  • Evaluate cost impacts associated with product design changes, manufacturing processes, yield improvements, and material substitutions
  • Support make‑versus‑buy analyses and manufacturing footprint optimization initiatives
  • Develop business cases and ROI assessments for cost reduction projects
  • Partner with sourcing and supplier management teams to identify and execute supplier‑driven cost reduction opportunities
  • Lead commercial discussions related to cost improvement programs, productivity initiatives, and long‑term pricing strategies
  • Review supplier cost structures and validate cost reduction proposals
  • Collaborate with suppliers on value engineering, process improvements, localization, and capacity optimization opportunities
  • Monitor commodity trends, supplier capacity, market conditions, and cost drivers impacting material spend
  • Support supplier negotiations related to annual productivity and cost reduction commitments
Global Operations Coordination
  • Serve as the central coordinator for cost reduction activities across global manufacturing sites
  • Align cost reduction priorities among Operations, Engineering, Manufacturing, Quality, Supply Chain, and Finance organizations
  • Drive implementation of best practices and cost optimization initiatives across multiple locations
  • Support manufacturing transfer, localization, automation, and productivity improvement programs
  • Facilitate executive reviews and cross‑functional governance meetings to ensure timely execution of cost reduction actions
Risk Management & Strategic Planning
  • Evaluate geopolitical, tariff, trade compliance, logistics, and supply chain risks impacting product cost structures
  • Assess cost implications of supplier transitions, manufacturing footprint changes, and sourcing strategies
  • Support tariff mitigation, localization, and supply chain resiliency initiatives
  • Develop contingency plans to mitigate inflationary pressures and supply chain disruptions
  • Provide market intelligence and strategic recommendations to executive leadership
Qualifications
  • Bachelor’s degree in Supply Chain Management, Engineering, Business Administration, Operations Management, or related field
  • Minimum 8 years of experience in supplier cost control, strategic sourcing, commodity management, or procurement in manufacturing or high‑tech industry
  • Experience in semiconductor, optical, telecom, or electronics manufacturing industries
  • Proven experience supporting NPI programs and supplier qualification activities
  • Experience managing global suppliers and cross‑functional sourcing initiatives
  • Strong project management, analytical, and problem‑solving skills
  • Proficiency in SAP, Microsoft Excel, PowerPoint, and ERP systems
  • Excellent communication, presentation, and stakeholder management skills
  • Ability to manage multiple projects and priorities simultaneously
  • Must be bilingual in Chinese (Mandarin)
  • Experience working with Asia‑based suppliers (China, Taiwan, Southeast Asia)
  • Ability to travel domestically and internationally as needed (up to 60%)
Location

This position will be on‑site based in Sugar Land, Texas.

WHY AOI?

In addition to a competitive salary, AOI offers

  • Flexible and competitive health (medical, dental, vision) plans offer employees the right options to meet individual and family needs
  • Employer matching on 401(k) deferrals
  • Generous PTO policy, with unused PTO payout at the end of the year
  • Relocation package available within the US
  • Immigration sponsorships (Must be currently authorized to work in the US)
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