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Cost Reduction Manager Jobs in Minnesota (NOW HIRING)

Manager, Cost Accounting

Minneapolis, MN

$99K - $128K/yr

  • Medical

  • Dental

  • Retirement

The Manager, Cost Accounting is responsible for leading the accounting, strategy, and evolution of ... cost reduction initiatives, and evaluate the financial impact of operating decisions. * Serve as a ...

Manager, Cost Accounting

Minneapolis, MN · On-site

$99K - $128K/yr

  • Medical

  • Dental

  • Retirement

The Manager, Cost Accounting is responsible for leading the accounting, strategy, and evolution of ... cost reduction initiatives, and evaluate the financial impact of operating decisions. * Serve as a ...

... cost reduction initiatives with savings aligned with client objectives. Key Responsibilities ... Manage supplier engagement, readiness, and alignment. * Coordinate with Program Manager, client ...

Cost Engineer - The Toro Company

Bloomington, MN · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

Manages product cost to target on projects with moderate complexity. * Sets the future cost ... Provides leadership and guidance in the area of cost avoidance, cost reduction, and standardization.

Manages product cost to target on projects with moderate complexity. * Sets the future cost ... Provides leadership and guidance in the area of cost avoidance, cost reduction, and standardization.

Lead, Sourcing

Plymouth, MN · On-site

$68K - $90K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

You will contribute to supplier selection, contract execution, project management, cost reduction programs, and commodity strategy development while balancing quality, delivery, and business ...

Lead, Sourcing

Plymouth, MN · On-site

$68K - $90K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

You will contribute to supplier selection, contract execution, project management, cost reduction programs, and commodity strategy development while balancing quality, delivery, and business ...

Company Description manufacturing company Senior Plant Manager / Production Manager / Manufacturing ... Drive cost reduction through Lean Manufacturing practices and plant layout Additional Information ...

Posted today

Procurement Supervisor

Owatonna, MN

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Knowledge of supplier performance management and cost-reduction initiatives * Experience supporting manufacturing, production, or technical organizations. * Knowledge of supplier performance ...

Procurement Supervisor

Owatonna, MN · On-site

$100K - $131K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Knowledge of supplier performance management and cost-reduction initiatives * Experience supporting manufacturing, production, or technical organizations. * Knowledge of supplier performance ...

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Showing results 1-20

Cost Reduction Manager information

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.

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 operations. They develop strategies, implement process improvements, and monitor financial performance to achieve cost savings, often using tools like data analysis and budgeting software.

What are popular job titles related to Cost Reduction Manager jobs in Minnesota?

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

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

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

What cities in Minnesota are hiring for Cost Reduction Manager jobs?

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

Performance & Cost Improvement Manager

Deloitte

Minneapolis, MN • On-site

Full-time

Re-posted 27 days ago


Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 92 frontline employees who took The Breakroom Quiz

44th of 150 rated financial services


Job description

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.
Join Deloitte's Performance & Cost Improvement team to help organizations unlock capital, improve margins, and drive enterprise-wide transformation. In this role, you will work with senior client stakeholders to identify value creation opportunities, lead high-impact initiatives, and deliver practical solutions that produce measurable results. If you bring consulting experience, financial acumen, and a track record of leading complex transformation work, this role offers a strong platform to expand your impact.

Recruiting for this role ends on 08/28/2026.

Work You'll Do

As a Deloitte Manager on the Performance & Cost Improvement team you will identify, design, and implement creative business and technology solutions for companies. Deloitte's managers help companies spur growth, reduce costs, and thrive in today's digital world. Our managers serve as mentors to staff, directors in delivery transformation, industry experts, and engagement leaders. As a manager, you will be responsible for:

  • Leading small engagements or key workstreams within larger, complex engagements focused on cost reduction, margin improvement, and enterprise transformation
  • Assessing client business issues, analyzing operational and financial data, and identifying value creation opportunities
  • Evaluating analyses, developing actionable recommendations, and supporting implementation of business and technology solutions
  • Managing day-to-day client relationships, coordinating cross-functional teams, and overseeing the quality of deliverables
  • Mentoring team members and contributing to business development activities that support practice growth

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to mentor and provide clear guidance to others

The Team

PI&R defines and leads enterprise Board and C-Suite agendas for non-distressed, underperforming, and distressed clients to improve margins, operational and financial performance, navigate financial difficulties, and improve cashflow to fund critical transformations.
Within PI&R, the Performance & Cost Improvement team helps clients identify, evaluate, and implement enterprise-wide cost reduction and margin improvement opportunities. They address financial pressure, improve operating performance, and stabilize business results. The team supports initiatives such as cost reduction, margin improvement, working capital and liquidity improvement, post-merger integration and synergy capture, operating model transformation, business model transformation, and analytics-enabled performance improvement. P&CI focuses on structural, enterprise-wide changes designed to support both immediate performance goals and long-term profitable growth.
Qualifications

Required:

  • Bachelor's degree
  • 6+ years of management consulting experience in operations improvement, transformation, operating model design, organizational design, mergers and acquisitions integration, or business process reengineering focused on global cost reduction or global growth strategies
  • 6+ years of financial analysis experience using data from multiple sources to identify value creation opportunities
  • 6+ years of mergers and acquisitions experience, including integration or separation planning and implementation, Day One readiness, and synergy targeting and realization
  • 6+ years of experience developing models using Microsoft Excel, Microsoft PowerPoint, Microsoft Access, Microsoft Visual Basic, Tableau, or similar tools
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • Advanced degree
  • Experience with Microsoft Visio
  • Experience developing executive-level presentations in Microsoft PowerPoint
  • Experience using analytics or data visualization tools
  • Experience leading workstreams or teams in transformation, cost reduction, or post-merger integration initiatives

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $155,600 to $306,800.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Qualifications:

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.
Join Deloitte's Performance & Cost Improvement team to help organizations unlock capital, improve margins, and drive enterprise-wide transformation. In this role, you will work with senior client stakeholders to identify value creation opportunities, lead high-impact initiatives, and deliver practical solutions that produce measurable results. If you bring consulting experience, financial acumen, and a track record of leading complex transformation work, this role offers a strong platform to expand your impact.

Recruiting for this role ends on 08/28/2026.

Work You'll Do

As a Deloitte Manager on the Performance & Cost Improvement team you will identify, design, and implement creative business and technology solutions for companies. Deloitte's managers help companies spur growth, reduce costs, and thrive in today's digital world. Our managers serve as mentors to staff, directors in delivery transformation, industry experts, and engagement leaders. As a manager, you will be responsible for:

  • Leading small engagements or key workstreams within larger, complex engagements focused on cost reduction, margin improvement, and enterprise transformation
  • Assessing client business issues, analyzing operational and financial data, and identifying value creation opportunities
  • Evaluating analyses, developing actionable recommendations, and supporting implementation of business and technology solutions
  • Managing day-to-day client relationships, coordinating cross-functional teams, and overseeing the quality of deliverables
  • Mentoring team members and contributing to business development activities that support practice growth

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to mentor and provide clear guidance to others

The Team

PI&R defines and leads enterprise Board and C-Suite agendas for non-distressed, underperforming, and distressed clients to improve margins, operational and financial performance, navigate financial difficulties, and improve cashflow to fund critical transformations.
Within PI&R, the Performance & Cost Improvement team helps clients identify, evaluate, and implement enterprise-wide cost reduction and margin improvement opportunities. They address financial pressure, improve operating performance, and stabilize business results. The team supports initiatives such as cost reduction, margin improvement, working capital and liquidity improvement, post-merger integration and synergy capture, operating model transformation, business model transformation, and analytics-enabled performance improvement. P&CI focuses on structural, enterprise-wide changes designed to support both immediate performance goals and long-term profitable growth.
Qualifications

Required:

  • Bachelor's degree
  • 6+ years of management consulting experience in operations improvement, transformation, operating model design, organizational design, mergers and acquisitions integration, or business process reengineering focused on global cost reduction or global growth strategies
  • 6+ years of financial analysis experience using data from multiple sources to identify value creation opportunities
  • 6+ years of mergers and acquisitions experience, including integration or separation planning and implementation, Day One readiness, and synergy targeting and realization
  • 6+ years of experience developing models using Microsoft Excel, Microsoft PowerPoint, Microsoft Access, Microsoft Visual Basic, Tableau, or similar tools
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • Advanced degree
  • Experience with Microsoft Visio
  • Experience developing executive-level presentations in Microsoft PowerPoint
  • Experience using analytics or data visualization tools
  • Experience leading workstreams or teams in transformation, cost reduction, or post-merger integration initiatives

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $155,600 to $306,800.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Education:Bachelor's DegreeEmployment Type:

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