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Cost Reduction Engineer Jobs (NOW HIRING)

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 ...

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.

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

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 ...

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 ...

SL Tennessee

Cost Accountant Analyst

Clinton, TN · On-site

The role supports sourcing, procurement, engineering and product development teams by providing fact-based cost estimates, identifying cost reduction opportunities, and driving value engineering ...

Komatsu

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 ...

SL Tennessee

Cost Accountant Analyst

Clinton, TN · On-site

The role supports sourcing, procurement, engineering and product development teams by providing fact-based cost estimates, identifying cost reduction opportunities, and driving value engineering ...

Ascentec Engineering

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 ...

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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 Sep 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 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

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, 87% Full Time, 9% Part Time, and 3% 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.

North America Resiliency and Cost Driver & Project Manager - Cost Optimization

Hampton, VA • On-site

TE Connectivity
Engineering Professional Services • 10K+ employees
Learn more about TE Connectivityexternal

$93K - $116K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 11 days ago

TE Connectivity rating

7.6

Company rating: 7.6 out of 10

Based on 72 frontline employees who took The Breakroom Quiz

Job description

Job Title: North America Resiliency and Cost Driver & Project Manager - Cost Optimization
Posting Start Date: 6/30/26
At TE, you will unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world.
Job Description:
Job Overview
TE Connectivity is seeking a highly analytical and execution-focused Cost Driver & Project Manager to lead and deliver cost reduction initiatives across our the region you're hired in. This role will identify, prioritize, and execute cross-functional cost optimization opportunities while driving measurable bottom-line impact.
You will partner with Engineering, Procurement, Manufacturing, Finance, Quality and Supply Chain teams to systematically reduce product and operational costs without compromising quality, delivery, or innovation.
Key Responsibilities
Cost Reduction Strategy & Execution
  • Identify, evaluate, and prioritize cost-down opportunities across products, materials, logistics, and processes
  • Lead structured cost reduction projects from ideation through implementation and tracking
  • Drive Value Engineering (VE) and Design-to-Cost (DtC) initiatives
  • Develop and execute cost roadmaps aligned with business targets
  • Supply Resiliency projects that reduce escalations and improve operational efficiency

Other Key Job Requirements
Project & Program Management
  • Manage multiple cost optimization projects simultaneously, ensuring timelines, deliverables, and savings targets are achieved
  • Comply with project governance, milestones, and reporting cadence
  • Use data-driven methods to track cost savings and ROI
  • Establish structured tracking mechanisms for all cost optimization initiatives
  • Deliver regular updates (weekly/monthly) to management with clear insights and status

Cross-Functional Leadership
  • Collaborate closely with:
    • Procurement (supplier negotiations, resourcing)
    • Engineering (design changes, material alternatives)
    • Manufacturing (process improvements, automation)
    • Finance (validation of savings, forecasting impacts)
    • Supplier Quality Engineering (quality and standards requirements)
    • Supply Chain (alignment, supplier communications, ERP updates)
    • Customer (alignment, change management)
  • Facilitate workshops or alignment meetings to drive consensus and progress
  • Act as the central coordinator to ensure smooth communication and execution
  • Influence stakeholders without direct authority to drive alignment and execution

Cost Modeling & Analysis
  • Build and maintain detailed cost models (BOM, conversion cost, logistics)
  • Perform should-cost analysis and benchmarking
  • Analyze cost drivers and identify key levers for optimization

Supplier & External Engagement
  • Support supplier cost reduction initiatives and negotiations
  • Evaluate alternative suppliers, materials, and technologies
  • Drive cost transparency across the supply base

What your background should look like
Qualifications & Experience
Required
  • 5+ years of experience in:
    • Cost reduction / cost engineering / sourcing / operations
    • Project or program management
  • Proven track record of delivering measurable cost savings
  • Strong analytical and financial acumen
  • Experience with cross-functional collaboration in a manufacturing environment

Preferred
  • Lean, Six Sigma, or continuous improvement certification
  • ERP (SAP) and cost modeling tools experience
  • PMP certification or equivalent

#LI-REMOTE #TANADC
Competencies
Values: Integrity, Accountability, Inclusion, Innovation, Teamwork
COMPENSATION
• Competitive base salary commensurate with experience: $93,200 - $116,400 (subject to change dependent on physical location)
• Posted salary ranges are made in good faith. TE Connectivity reserves the right to adjust ranges depending on the experience/qualification of the selected candidate as well as internal and external equity.
• Total Compensation = Base Salary + Incentive(s) + Benefits
BENEFITS
• A comprehensive benefits package including health insurance, 401(k), disability, life insurance, employee stock purchase plan, paid time off and voluntary benefits.
EOE, Including Disability/Vets
IMPORTANT NOTICE REGARDING RECRUITMENT FRAUD
TE Connectivity has become aware of fraudulent recruitment activities being conducted by individuals or organizations falsely claiming to represent TE Connectivity. Please be advised that TE Connectivity never requests payment or fees from job applicants at any stage of the recruitment process. All legitimate job openings are posted exclusively on our official careers website at te.com/careers, and all email communications from our recruitment team will come only from actual email addresses ending in @te.com. If you receive any suspicious communications, we strongly advise you not to engage or provide any personal information, and to report the incident to your local authorities.
Job Locations:
Posting City: Hampton
Job Country: United States
Travel Required: Less than 10%
Requisition ID: 154313
Workplace Type: Remote
External Careers Page: Procurement

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