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Cost Reduction Manager Jobs in California (NOW HIRING)

CFS

Manufacturing Cost Accountant

San Diego, CA

$80K - $100K/yr

... cost reduction strategy as a Cost Accountant • Be the go-to Cost Accountant driving margin ... Manage cost accounting transactions and ensure compliance with GAAP and company policies • ...

Managed Staffing

Supply Chain Manager

North Hollywood, CA · On-site

$160K - $170K/yr

This role owns KPI performance, cost reduction, inventory optimization, and team leadership while ... Manage suppliers, contracts, and RFQs. * Own supply chain KPIs, analytics, and reporting. * Lead ...

Rivian

Manager, Cost Engineering (Electrical)

Irvine, CA · On-site

$131K - $169K/yr

Role Summary The Manager, Cost Engineering, will play a pivotal role within the Rivian Cost ... Collaborate with stakeholders to achieve cost reduction targets. Qualifications * Bachelor's degree ...

Rivian

Manager, Cost Engineering (Electrical)

Irvine, CA

$131K - $169K/yr

Role Summary The Manager, Cost Engineering, will play a pivotal role within the Rivian Cost ... Collaborate with stakeholders to achieve cost reduction targets. Qualifications * Bachelor's degree ...

Amaze Systems Inc

Technical Program Manager

Sunnyvale, CA · On-site

$153K - $198K/yr

Cost Reduction, VAVE , Semiconductor Equipment VAVE , TPM for VAVE (Only Mechanical Engineers ... Excellent project Management skills for executing and cost reduction projects with leading cross ...

Jakks Pacific Inc

Manager, Cost Engineering

Santa Monica, CA · On-site

$80K - $90K/yr

... Manager for our headquarters in Santa Monica, CA. Responsibilities include: * Lead cost engineering ... Drive cross-functional cost reduction initiatives by evaluating alternative materials, components ...

Ztek Consulting INC

TPM - Sunnyvale, CA

Sunnyvale, CA · On-site

$151K - $196K/yr

Excellent project Management skills for executing and cost reduction projects with * leading cross-functional teams (ME, EE, System engineering, Product marketing, Mfg, supply chain) * Technical ...

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Cost Reduction Manager information

What is the role of a cost reduction manager?

A cost reduction manager is responsible for analyzing company expenses and identifying opportunities to decrease costs without compromising quality or efficiency. They develop strategies, implement process improvements, and monitor financial performance to achieve cost savings, often using tools like data analysis and budgeting software. This role requires strong analytical skills and knowledge of operational processes.

What does a cost reduction manager do?

A Cost Reduction Manager is responsible for identifying and implementing strategies to reduce expenses and improve efficiency within an organization. They analyze financial data, review operational processes, and collaborate with various departments to find cost-saving opportunities without compromising quality or productivity. Their goal is to help the company achieve financial targets by optimizing resources, renegotiating contracts, and streamlining operations. They also monitor the results of cost-saving initiatives and report on their effectiveness to senior management.

What skills and qualifications are needed to be a cost reduction manager?

To excel as a Cost Reduction Manager, you need strong analytical skills, financial acumen, and experience in process improvement, often supported by a degree in finance, business, or engineering. Familiarity with cost analysis software, ERP systems, and certifications like Six Sigma or Lean Management are highly valuable. Excellent communication, problem-solving abilities, and stakeholder management skills help drive cost-saving initiatives and foster cross-departmental collaboration. These capabilities are crucial for identifying savings opportunities, implementing effective strategies, and ensuring the organization's financial health.

How does a cost reduction manager collaborate with different departments to achieve savings goals?

A Cost Reduction Manager works closely with departments such as procurement, operations, finance, and supply chain to identify cost-saving opportunities and implement efficiency measures. They often lead cross-functional teams to analyze spending patterns, negotiate with vendors, and streamline processes. Regular meetings, data sharing, and clear communication are crucial for aligning departmental goals and ensuring that cost reduction initiatives do not negatively impact product quality or customer satisfaction. This collaborative approach not only drives savings but also fosters a culture of continuous improvement across the organization.

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For Cost Reduction Manager jobs in California, the most frequently searched job titles are:

What job categories do people searching Cost Reduction Manager jobs in California look for?

The top searched job categories for Cost Reduction Manager jobs in California are:

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Cities in California with the most Cost Reduction Manager job openings:

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Infographic showing various Cost Reduction Manager job openings in California as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Value Engineering & Cost Reduction Engineer

EPC Power Corporation

Poway, CA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago

Job description

We are seeking a Value Engineering & Cost Reduction Engineer to identify, evaluate, and implement strategic cost-reduction opportunities across our product portfolio. This role partners closely with engineering, sourcing, manufacturing, quality, and suppliers to reduce product costs while maintaining or improving performance, quality, reliability, and compliance. The ideal candidate has a strong understanding of electronics hardware design, manufacturing processes, and cost structures, along with a passion for driving measurable business value through data-driven decision making and cross-functional collaboration.
Requirements
Key Responsibilities:
Cost Engineering & Should-Cost Modeling
  • Develop and maintain should-cost models for products, key subassemblies (power stages, magnetics, thermal systems, housings), and commodity categories (sheet metal, plastics, weldments)
  • Establish BOM cost targets at the start of each new product program and track performance through NPI gate reviews
  • Analyze product cost structures (BOM, labor, overhead) to identify reduction opportunities
  • Identify the highest-cost functions and components using Pareto analysis and drive targeted reduction initiatives
  • Build and manage a structured savings pipeline; report regularly on project progress and potential and realized savings to leadership
  • Partner with supply chain and procurement on supplier negotiations and cost-down initiatives
  • Champion Design-to-Unit-Production-Cost (DTUPC) principles throughout the product development lifecycle
  • Quantify and validate cost savings opportunities through detailed business case analysis and benefit tracking
  • Support annual cost-reduction objectives through execution of a prioritized VA/VE roadmap

Design for Manufacturability & Assembly (DFM/DFA)
  • Participate in design reviews to identify opportunities to reduce part count, simplify assembly, and improve yield
  • Engage contract manufacturers and internal operations teams to identify and resolve DFM issues early in the design cycle
  • Drive component standardization across product lines to reduce unique part count and increase purchasing leverage
  • Evaluate PCB layout, mechanical designs, and thermal solutions for cost and assembly efficiency
  • Collaborate with design engineers to optimize component selection, circuit design, and mechanical design for cost

Value Engineering Leadership & Collaboration
  • Plan and facilitate Value Analysis / Value Engineering (VAVE) workshops with engineering, procurement, operations, and quality
  • Translate workshop outputs into prioritized action registers with clear owners, timelines, and business cases
  • Champion a cost-conscious design culture by embedding VE thinking into standard engineering workflows and gate reviews

Alternate Component Qualification & Supply Chain
  • Identify and qualify alternate or second-source components to reduce cost, lead time risk, and single-source exposure
  • Partner with procurement on supplier negotiations, using should-cost models to support target pricing
  • Evaluate alternate components, materials, and suppliers to reduce cost and improve supply resilience

Reliability, Qualification, & Change Management
  • Ensure all cost reduction initiatives maintain or improve product functionality, reliability, quality, safety, and regulatory compliance
  • Lead or support the Engineering Change Order (ECO) process for VE-driven design changes
  • Coordinate with engineering teams to define and execute appropriate validation testing (bench, thermal, EMC, reliability) for component and design changes

Qualifications
Required:
  • Bachelor's degree in Electrical Engineering, Mechanical Engineering, or related field
  • 5+ years of experience in hardware product development, manufacturing, or cost engineering
  • Demonstrated success leading design-to-cost, value engineering, and cost-reduction initiatives for hardware products
  • Experience with power electronics, energy systems, industrial equipment, utility-scale products, or similar hardware platforms
  • Experience working in a fast-paced, high-volume manufacturing environment
  • Strong understanding of component costing, product cost structures, and manufacturing processes
  • Proficiency with BOM structures, BOM management tools, and ERP/PLM systems (SAP, Oracle, Arena, or equivalent)
  • Familiarity with component lifecycle management and alternate sourcing processes
  • Ability to work cross-functionally and influence design decisions
  • Strong analytical and quantitative skills; comfortable building and using cost models in Excel or similar tools

Preferred
  • Experience establishing VA/VE functions or cost engineering processes from the ground up
  • Knowledge of commodity cost drivers for electronics, magnetics, sheet metal, plastics, and custom electromechanical assemblies
  • Experience working with contract manufacturers (CMs/EMS) and custom supply chain partners (magnetics, busbars, custom enclosures)
  • Knowledge of PCB design, magnetics, power semiconductors, or thermal/mechanical design
  • Competent with Python scripting, data analysis, reporting, and dashboard tools
  • Familiarity with should-cost modeling and product cost management tools (aPriori, Costimator, SEER, or similar), and component intelligence platforms (SiliconExpert, Octopart)
  • Background in or exposure to Lean Manufacturing, Six Sigma, or continuous improvement methodologies
  • Experience using engineering simulation tools such as LTspice, PLECS, ANSYS, or equivalent is a plus

Benefits
  • 401(k) with company matching
  • Medical, dental, and vision insurance
  • Disability and life insurance
  • Flexible Spending Account (FSA)
  • Employee Assistance Program (EAP)
  • Paid Time Off (PTO)
  • Tuition reimbursement

EPC Power is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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About EPC Power

Sourced by ZipRecruiter

Industry

Electrical equipment, appliance, and component manufacturing

Company size

11 - 50 Employees

Headquarters location

Poway, CA, US

Year founded

2010

Social media

Twitter

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