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Cost Reduction Engineer Jobs (NOW HIRING)

Product Cost Engineer I

Peoria, IL · On-site

$67K - $84K/yr

Design-to-Cost & Cost Reduction Identify key cost drivers and partner with Engineering and Manufacturing to recommend design or process improvements. Support Value Engineering and continuous ...

Product Cost Engineer I

Peoria, IL · On-site

$67K - $84K/yr

Design-to-Cost & Cost Reduction • Identify key cost drivers and partner with Engineering and Manufacturing to recommend design or process improvements. • Support Value Engineering and continuous ...

This role acts as a key interface between production, engineering, controlling, and global lead plants to ensure cost transparency, identify cost drivers, and execute cost-reduction initiatives. The ...

New

Cost Engineer

Tualatin, OR · On-site

$85K - $100K/yr

Identify and recommend cost reduction opportunities through process improvements, technology upgrades, and supplier optimization. * Collaborate with Engineering and Operations to assess cost impacts ...

Cost Engineer

Tualatin, OR · On-site

$85K - $100K/yr

Identify and recommend cost reduction opportunities through process improvements, technology upgrades, and supplier optimization. * Collaborate with Engineering and Operations to assess cost impacts ...

Identify and recommend cost reduction opportunities through process improvements, technology upgrades, and supplier optimization. * Collaborate with Engineering and Operations to assess cost impacts ...

Technical Value Management (TVM) Engineer ICE Powertrain Cost Reduction The Technical Value Management (TVM) Engineer supports cost-reduction initiatives across Internal Combustion Engine (ICE ...

Technical Value Management (TVM) Engineer ICE Powertrain Cost Reduction The Technical Value Management (TVM) Engineer supports cost-reduction initiatives across Internal Combustion Engine (ICE ...

Technical Value Management (TVM) Engineer ICE Powertrain Cost Reduction The Technical Value Management (TVM) Engineer supports cost-reduction initiatives across Internal Combustion Engine (ICE ...

Technical Value Management (TVM) Engineer ICE Powertrain Cost Reduction The Technical Value Management (TVM) Engineer supports cost-reduction initiatives across Internal Combustion Engine (ICE ...

Showing results 41-60

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 21, 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.

Methane Reduction Engineer III (Methane Reduction and Engineering Programs)

Marathon Petroleum Corporation

San Antonio, TX • On-site

$65K - $84K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago


Marathon Petroleum rating

6.3

Company rating: 6.3 out of 10

Based on 203 frontline employees who took The Breakroom Quiz

68th of 87 rated oil and gas companies


Job description

An exciting career awaits you


At MPC, we're committed to being a great place to work - one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Summary:

Reports to the NG&NGLs Engineering Manager: leads the development and management of engineering programs and strategic initiatives that enhance regulatory compliance, reliability, sustainability, and long-term business objectives across midstream and light crude operations. Provides technical and project leadership by collaborating with cross-functional stakeholders to identify opportunities, evaluate solutions, and deliver projects and programs. Monitors evolving industry trends, technologies, and regulations to drive continuous improvement, support informed decision-making, and advance operational excellence throughout the organization.

Responsibilities:

  • Contributes to the organization's strategy to meet regulatory compliance and requirements for federal, state, and local regulatory frameworks and support corporate sustainability goals.

  • Partners with the Environmental and Sustainability teams to interpret applicable regulations, identify key emission sources, and strategically plan and implement various emission reduction initiatives.

  • Collaborates with internal and external stakeholders, such as Operations, Maintenance/I&E, Engineering, Business Development, Project Controls, Supply Chain, project managers, contract engineering firms and vendors to evaluate project viability, constraints, and solutions.

  • Possesses expertise in midstream and light crude operations, with hands-on experience across key unit processes such as natural gas gathering, processing, fractionation, compression, stabilization, dehydration, treating, and storage. Leverages strong technical understanding of widely adopted emissions reduction technologies to support operational efficiency and regulatory compliance.

  • Demonstrates experience in project engineering or project management, supporting front-end project development by coordinating multidisciplinary engineering tasks, managing resources, and ensuring compliance with industry standards and specifications. Delivers accurate scope, schedule, and budget estimates that are aligned with regulatory, operational, reliability, and safety requirements.

  • Monitors evolving regulations, emerging technologies, and industry trends to inform strategies and solutions for emissions reduction, energy efficiency, and sustainability initiatives.

  • Develops and maintains automated visual reports in Power BI for NG & NGLS Engineering & Tech Services.

  • Data gathering and development of automated processes to improve data-driven decision making for NG & NGLS Engineering & Tech Services.

Minimum Qualifications:

  • Bachelor's degree in engineering required.

  • Six (6) years or more related experience required.

  • Valid driver's license required.

Preferred Qualifications:

  • 2 years' experience with Natural Gas Facilities

  • Previous experience with project management and cost estimating

  • Previous experience with Power BI and Power Automate

  • Excellent verbal and written communication skills to effectively communicate with all levels of individuals/employees.

  • Experience with Microsoft 365 tools at an advanced proficiency.

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location:

Canonsburg, Pennsylvania

Additional locations:

San Antonio, Texas

Job Requisition ID:

00023088

Location Address:

4600 Jbarry Ct Ste 500

Education:

Bachelors (Required)

Employee Group:

Full time

Employee Subgroup:

Regular

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant, click here.
If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at talentacquisition@marathonpetroleum.com. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available athttps://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.
Equal Opportunity Employer: Veteran / Disability

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.


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About Marathon Petroleum

Sourced by ZipRecruiter

Marathon Petroleum Corporation, headquartered in Findlay, Ohio, US, is a leading independent petroleum refining, marketing, and transportation company. Their official website can be found at marathonpetroleum.com. The company, part of the energy sector, was established in 1887, making it one of the oldest petroleum companies in the US. It operates an integrated refining, marketing and transportation system concentrated primarily in the Midwest, Northeast, East Coast, Southeast and Gulf Coast of the United States. This includes refineries, pipelines, and terminals that process and transport crude oil and refined products.

Industry

Oil and gas extraction

Company size

10,000+ Employees

Headquarters location

Findlay, OH, US

Year founded

1887