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Cost Reduction Engineer Jobs (NOW HIRING)

Outokumpu

Cost Engineer (Temp)

Calvert, AL · Hybrid

$35 - $45/hr

The Cost Engineer acts as plant controller/financial advisor for the respective plant. Plan ... Participate or manage projects (if required) for cost reduction efforts (including scope of IT ...

Yamaha

Cost Analyst

Newnan, GA · On-site

Proactively mine procurement and sourcing data to uncover cost reduction, competitiveness, and ... Bachelor's degree in business, Finance, Engineering, Supply Chain, or related field required. 2-4 ...

Yamaha Motor Manufacturing

Cost Analyst

Newnan, GA · On-site

Proactively mine procurement and sourcing data to uncover cost reduction, competitiveness, and ... Bachelor's degree in business, Finance, Engineering, Supply Chain, or related field required. • 2 ...

Embraer

Cost Analyst

Melbourne, FL · On-site

... Engineering, Production, Finance, Logistics, and other business units to ensure a comprehensive product and service cost view. * Facilitate and support cost reduction workshops with internal and ...

VDL USA Holding Inc

Cost Engineer

Flowery Branch, GA · On-site

... structural cost reduction. * Demonstrated ability to work collaboratively and communicate ... Bachelors degree in Manufacturing Engineering or a related engineering discipline; or equivalent ...

Outokumpu

Cost Engineer (Temp)

Calvert, AL · On-site

$35 - $45/hr

The Cost Engineer acts as plant controller/financial advisor for the respective plant. Plan ... for cost reduction efforts (including scope of IT related projects) to support respective ...

Brunswick Corporation

Cost Engineer

Fond Du Lac, WI · On-site

$72K - $115.30K/yr

Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products. * Present project cost updates along with risks and ...

Brunswick

Cost Engineer

Fond Du Lac, WI

$72K - $115.30K/yr

Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products. * Present project cost updates along with risks and ...

Stellantis

Cost Engineer - Electrical

Auburn Hills, MI · On-site

Cost Engineer - Electrical develops direct material costs and tooling investments for Electrical ... Identify potential cost optimization opportunities and support company technical cost reduction ...

Lund Boats

Cost Engineer

Fond Du Lac, WI

$72K - $115.30K/yr

Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products. * Present project cost updates along with risks and ...

Kelly Services

Cost Estimator

Rockford, IL

$90K - $100K/yr

Knowledge of cost reduction, value engineering, and design-for-manufacturing principles * Familiarity with supplier sourcing and technical procurement processes * Ability to work effectively in a ...

Generac

Mechanical Engineer II

Waukesha, WI · On-site

Generac is growing and hiring for a Mechanical Engineer II. In this role you be supporting cost ... Cost reduction initiatives on recently launched products * Reviewing existing designs to identify ...

Lucid Motors

Staff Cost Engineer

Southfield, MI · On-site

... reduction to achieve optimal sourcing outcomes. * Product Development & Engineering: Partner with engineering teams to utilize cost estimates and cost models to evaluate design choices, assess cost ...

Foxconn Assembly LLC

Cost Analyst

Houston, TX · On-site

$55K - $68K/yr

... for cost reduction. * Collaborate with cross-functional teams, including factory, supply chain ... Bachelor's degree in Accounting, Finance, Business, Industrial Engineering, or a related field.

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$45.5K

$97K

$139.5K

How much do cost reduction engineer jobs pay per year?

As of May 30, 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 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 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 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 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
Infographic showing various Cost Reduction Engineer job openings in the United States as of May 2026, with employment types broken down into 91% Full Time, 4% Part Time, and 5% Contract. Highlights an 92% Physical, 4% Hybrid, and 4% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.
Material Cost Book Coordinator/Manufacturing Cost Analyst

Material Cost Book Coordinator/Manufacturing Cost Analyst

Intellectt INC

Auburn Hills, MI • On-site

Contractor

Posted yesterday

Job description

Position Overview: Material Cost Book Coordinator

Location : Auburn Hills, Michigan USA

Duration : Long term Contract role

The Material Cost Book Coordinator is responsible for managing, validating, and maintaining material cost data across multiple automotive programs. This role ensures that project cost books accurately reflect the Bill of Materials (BOM) and align with current engineering designs, manufacturing processes, and supplier cost inputs. The position plays a critical role in Total Product Cost (TPC) tracking, reporting, and cost optimization for Stellantis vehicle programs.

The coordinator works cross-functionally with Engineering, Cost Engineering, Manufacturing, Purchasing, and Project Management teams while supporting casting, stamping, injection molding, and other automotive manufacturing processes

Key Responsibilities (What the Candidate Will Do)

Maintain and Manage Project Cost Books

Create, update, and maintain material cost books for multiple vehicle programs simultaneously.

Ensure cost books accurately reflect current BOM, design releases, and engineering changes.

Cross-Functional Collaboration

Work closely with Engineering teams to validate part designs and ensure material cost alignment.

Coordinate with Cost Engineering, Manufacturing, and Purchasing teams to capture the most up-to-date cost assumptions and supplier data.

Cost Analysis & Validation

Perform multi-commodity costing covering castings, stampings, injection-molded parts, and assemblies.

Develop and validate variable and tooling cost models using activity-based costing or “should-cost” methodologies.

Monthly Cost Reporting & Presentations

Prepare and present Total Product Cost (TPC) status and month-over-month cost evolution to stakeholders.

Highlight variances, risks, cost drivers, and improvement opportunities.

Project & Program Cost Tracking

Support project planning and cost tracking across multiple programs with tight deadlines.

Ensure alignment between cost targets, timing plans, and program milestones.

Data Management & Tools Usage

Use Excel and IT systems to analyze, consolidate, and report cost data.

Work with NX and Teamcenter to validate design and BOM information.

Continuous Cost Improvement

Support cost reduction initiatives and identify opportunities for savings through design, sourcing, or process optimization.

Contribute to standardization of costing methodologies across programs.

Essential Technical Skills

Strong analytical and synthesis mindset

Advanced Excel proficiency and comfort with IT systems

Project management and planning skills

Multi-commodity costing expertise

Working proficiency in English

Knowledge of automotive manufacturing processes

Excellent written and verbal communication skills

Mandatory Requirements

Bachelor’s degree in Business, Finance, Mathematics, or Engineering

Minimum 5 years of experience in Manufacturing & Costing

Total experience: 10+ years

Experience in design, release, processing, or cost development roles

Strong understanding of automotive production methods and development processes

Detail-oriented with ability to manage multiple programs simultaneously

Ability to work effectively in a global, cross-functional team

Demonstrated leadership and stakeholder management skills

Preferred / Advantageous Qualifications

Bachelor’s degree in Engineering with an advanced degree in Business

Experience with NX and Teamcenter

Activity-based costing or cost model development experience

Prior automotive “should-cost” or cost reduction experience

Experience in Tier-1, Tier-2 suppliers or passenger vehicle OEMs

High flexibility and comfort working in a fast-paced environment

Behavioral & Soft Skills

Strong planning and prioritization

High attention to detail and accuracy

Assertive and persuasive communication

Strong interpersonal and problem-solving skills

Data-driven decision making using metrics and analysis