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Cost Reduction Engineer Jobs (NOW HIRING)

OSI Engineering

Cost Engineer

Columbus, OH · On-site

Identify value analysis/value engineering (VA/VE) opportunities and recommend cost reduction initiatives. * Maintain cost tracking tools, reporting dashboards, and cost databases. * Collaborate with ...

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.

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.

OSI Engineering, Inc.

Cost Engineer

Columbus, OH · On-site

... reduction initiatives. · Maintain cost tracking tools, reporting dashboards, and cost databases. · Collaborate with engineering and purchasing teams to ensure product cost targets are achieved. · ...

Agiliti

Senior Continuing Cost Engineer

Milwaukee, WI

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 ...

PACCAR

Product Cost Integration Specialist

Denton, TX · On-site

... ensures engineering teams are supported through key sourcing and negotiation activities. In addition, this role strengthens overall cost reduction effectiveness by improving the quality and ...

PACCAR

Product Cost Integration Specialist

Denton, TX · On-site

... ensures engineering teams are supported through key sourcing and negotiation activities. In addition, this role strengthens overall cost reduction effectiveness by improving the quality and ...

Oshkosh Corporation

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 ...

Oshkosh Corporation

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 ...

Oshkosh Corporation

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 ...

Noblesoft Technologies

Cost Engineer

Auburn Hills, MI · On-site

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.

SPAN

Cost Down Program Manager

San Francisco, CA · On-site

$125K - $165K/yr

Cross-Functional Leadership - Collaborate with executive sponsors and engineers across Design, Manufacturing, and Supplier Engineering. Chair and participate in product cost reduction committees and ...

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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 Jul 11, 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 engineer makes $500,000 a year?

A senior or specialized engineer such as a petroleum engineer, aerospace engineer, or software engineer with extensive experience and advanced skills can earn $500,000 or more annually, often through bonuses, stock options, or consulting roles. These positions typically require advanced degrees, certifications, and a high level of expertise in their field.

What engineers make $200,000 a year?

Senior engineers in specialized fields such as petroleum, aerospace, software, and electrical engineering can earn $200,000 or more annually, especially with extensive experience, advanced certifications, or leadership roles. High-paying engineering positions often require advanced skills, project management, and sometimes working in high-demand industries or locations with a high cost of living.

What engineers make $300,000 a year?

Senior engineers in specialized fields such as petroleum, aerospace, or software engineering can earn $300,000 or more annually, especially with extensive experience, advanced skills, and leadership roles. High compensation often involves working in high-demand industries, holding managerial or executive positions, or possessing rare technical expertise and certifications.

What are the key skills and qualifications needed to thrive as a Cost Reduction Engineer, and why are they important?

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 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.

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 are Cost Reduction Engineers?

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 is the role of a cost reduction engineer?

A cost reduction engineer analyzes manufacturing processes, materials, and operations to identify opportunities for reducing costs while maintaining quality and safety. They often use data analysis, engineering principles, and cost management tools to implement efficiency improvements and optimize resource use.
More about Cost Reduction Engineer jobs
What job categories do people searching Cost Reduction Engineer jobs look for? The top searched job categories for Cost Reduction Engineer jobs are:
Cost Reduction Engineer jobs near you
Cost & Supplier Integration Engineer

Cost & Supplier Integration Engineer

Air Lift Company

Lansing, MI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 28 days ago

Job description

Cost & Supplier Integration Engineer

Air Lift, a third-generation family-owned company, was founded in 1949 in Lansing, Michigan. Air Lift supplies the automotive aftermarket with load assist products and performance suspensions for show and track. Our goal is to consistently provide products and services that meet and exceed customers’ requirements and expectations. We do this by recruiting top talent and retaining them through our commitment to professional development and preservation of our culture.


Job Description Summary

This role will serve as the primary interface between Engineering and Purchasing for value analysis and value engineering initiatives. This role ensures that engineering intent, cost-reduction concepts, and design changes are commercially sound, supplier-feasible, and effectively executed.

Translates engineering ideas into actionable sourcing and supplier strategies, while bringing supplier capabilities, cost drivers, manufacturing realities, and total cost considerations into engineering discussions. The role exists to ensure alignment between design decisions and purchasing strategy, and to drive measurable, sustainable cost improvements.

This role goes beyond traditional sourcing by combining engineering-driven value analysis with deep supplier engagement. The position ensures that products are designed and sourced at the lowest total cost, without sacrificing performance, quality, or supply continuity.


Essential Duties

  • Act as the primary integrator between Engineering, Purchasing, and Suppliers for all VA/VE initiatives.
  • Drive early involvement in product design to ensure cost, manufacturability, and supplier capabilities are embedded upfront, not addressed after design release.
  • Partner with Engineering to challenge designs that introduce unnecessary complexity, over-specification, or cost.
  • Work directly with suppliers and engineering teams to co-develop products and components, ensuring alignment on design intent, manufacturability, and cost targets.
  • Leverage supplier expertise to introduce alternative materials, processes, and design simplifications that reduce cost while maintaining performance.
  • Evaluate all VA/VE initiatives through a total cost of ownership (TCO) lens, including piece price, tooling, capital investment, freight, duties, lead time, risk, inventory, and lifecycle cost.
  • Lead detailed cost breakdown analysis with suppliers to identify, challenge, and eliminate cost drivers at the component and system level.
  • Identify and drive practical, day-to-day cost reduction opportunities through process simplification, cycle time reduction, and elimination of non-value-added activities.
  • Spend time on the shop floor and with suppliers to observe real operations, identify inefficiencies, and streamline workflows that reduce cost without impacting quality or delivery.


Required Qualifications:

  • Bachelor’s degree in engineering, or a related field is preferred; however, equivalent practical experience in manufacturing, sourcing, and cost analysis will be considered in lieu of a formal degree.
  • 5+ years of buying or sourcing experience in a manufacturing environment.
  • Strong understanding of manufacturing processes, materials, and total cost of ownership.
  • Demonstrated experience evaluating supplier pricing beyond piece price.
  • Ability to interpret engineering drawings and specifications.
  • Knowledge of APQP, PPAP, and supplier quality processes.
  • Experience working with domestic and international suppliers.

Preferred Qualifications:

  • Exposure to manufacturing processes and materials including metals, rubber, injection molding, machining, and castings.
  • Experience acting as a liaison between Engineering and Supply Chain.
  • Prior involvement in VA/VE or cost-reduction initiatives.
  • Ability to read mechanical blueprints.
  • ISO auditor training/Lean concepts.
  • Knowledge of CE and TUV requirements.
  • Negotiation of long- and short-term contracts.

Benefits

  • Health and Wellness
    • Comprehensive Health Insurance: Medical, dental, and vision coverage
    • Mental Health Support: Access to counseling services or mental health apps
    • Health Savings Accounts (HSA/FSA): Pre-tax savings for healthcare expenses
    • Paid Time Off: Generous paid time off
    • Gym Reimbursement
  • Financial Security
    • Retirement Plans: 401(k) with up to 8% company matching
    • Life and Disability Insurance: Coverage for life and short-term and long-term disability
    • Financial Planning Resources: Access to financial planning workshops or financial advisors
  • Career Development
    • Professional Development: Funding for courses, certifications, or conferences
    • Tuition Reimbursement: Support for continuing education



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