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Cost Reduction Manager Jobs (NOW HIRING)

Yazaki

Sr. Cost Specialist

Canton, MI · On-site

Additionally, they will support category management in fact-based negotiations and leverage supplier capabilities in cost-reduction efforts, and collaborate with supplier, engineering, and other ...

Yazaki

Sr. Cost Specialist

Canton, MI · Hybrid

Additionally, they will support category management in fact-based negotiations and leverage supplier capabilities in cost-reduction efforts, and collaborate with supplier, engineering, and other ...

Morgan Olson

Cost Engineer

Sturgis, MI · On-site

$80 - $100/hr

Job Title: Cost Engineer Support design engineering product cost management activities through ... Perform Value Analysis / Value Engineering (VAVE) activities to generate cost reduction ideas ...

JB Poindexter & Co., Inc.

Cost Engineer

Sturgis, MI · On-site

Job Title: Cost Engineer Support design engineering product cost management activities through ... Identify cost reduction opportunities. * All other duties as assigned. Qualifications:

jbpco

Cost Engineer

Sturgis, MI · On-site

Job Title: Cost Engineer Support design engineering product cost management activities through ... Identify cost reduction opportunities. * All other duties as assigned. Qualifications:

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Cost Reduction Manager information

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How much do cost reduction manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for cost reduction manager in the United States is $107,007.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,500.00 and $121,500.00 per year, depending on experience, location, and employer.

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.
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Cost Reduction Manager jobs near you
Infographic showing various Cost Reduction Manager job openings in the United States as of September 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $107,007 per year, or $51.4 per hour.

Strategic Cost Optimization Manager (Bilingual - Chinese)

Sugar Land, TX • On-site

Applied Optoelectronics, Inc.
Telecommunications • 1 - 5K employees
Learn more about Applied Optoelectronics, Inc.external

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 9 days ago

Job description

Summary

We are seeking a highly analytical and results-oriented Strategic Cost Optimization Manager to lead corporate-wide cost reduction initiatives across global operations, supporting the company’s objective of achieving a 20% cost reduction target by the end of 2027.

This role serves as the central coordinator and catalyst for cost optimization efforts across manufacturing sites in the United States, China, and Taiwan, partnering closely with Engineering, Operations, Supply Chain, Finance, Manufacturing, and key suppliers. The position is responsible for identifying, developing, tracking, and executing cost reduction opportunities across materials, PCBA, optical components, semiconductors, telecom hardware, manufacturing processes, logistics, and capital investments.

In addition, the role will support strategic supply management and material/equipment recovery or pull-in activities as needed, particularly for globally constrained or business-critical IC components and capital equipment shared across multiple manufacturing sites.

The ideal candidate possesses strong cost modeling, supply chain, manufacturing, and financial analysis capabilities, with proven experience leading cross-functional cost reduction programs in a high-volume electronics, semiconductor, optical networking, or telecommunications manufacturing environment.

Job Duties

1. Enterprise Cost Reduction Leadership

• Develop and drive a multi-year global cost optimization roadmap aligned with corporate profitability and margin improvement objectives

• Lead cross-functional cost reduction initiatives across materials, manufacturing, supply chain, logistics, and operational expenditures

• Coordinate cost reduction activities across manufacturing and sourcing teams in the United States, China, and Taiwan

• Establish annual, quarterly, and monthly cost reduction targets and monitor progress against commitments

• Drive accountability across stakeholders to ensure achievement of cost reduction goals and project milestones

• Prepare executive-level dashboards, KPI reporting, and management reviews on cost reduction performance

• Quantify and validate realized savings in partnership with Finance

2. Cost Analysis & Value Engineering

• Perform detailed cost modeling, should-cost analysis, benchmarking, and total cost of ownership (TCO) evaluations

• Identify cost reduction opportunities through value engineering, design-to-cost, process optimization, and supplier collaboration

• Analyze product cost structures including optical transceivers, PCBA, wafers, semiconductors, mechanical assemblies, and telecom hardware

• Evaluate cost impacts associated with product design changes, manufacturing processes, yield improvements, and material substitutions

• Support make-versus-buy analyses and manufacturing footprint optimization initiatives

• Develop business cases and ROI assessments for cost reduction projects

3. Supplier Cost Management

• Partner with sourcing and supplier management teams to identify and execute supplier-driven cost reduction opportunities

• Lead commercial discussions related to cost improvement programs, productivity initiatives, and long-term pricing strategies

• Review supplier cost structures and validate cost reduction proposals

• Collaborate with suppliers on value engineering, process improvements, localization, and capacity optimization opportunities

• Monitor commodity trends, supplier capacity, market conditions, and cost drivers impacting material spend

• Support supplier negotiations related to annual productivity and cost reduction commitments

4. Global Operations Coordination

• Serve as the central coordinator for cost reduction activities across global manufacturing sites

• Align cost reduction priorities among Operations, Engineering, Manufacturing, Quality, Supply Chain, and Finance organizations

• Drive implementation of best practices and cost optimization initiatives across multiple locations

• Support manufacturing transfer, localization, automation, and productivity improvement programs

• Facilitate executive reviews and cross-functional governance meetings to ensure timely execution of cost reduction actions

5. Risk Management & Strategic Planning

• Evaluate geopolitical, tariff, trade compliance, logistics, and supply chain risks impacting product cost structures

• Assess cost implications of supplier transitions, manufacturing footprint changes, and sourcing strategies

• Support tariff mitigation, localization, and supply chain resiliency initiatives

• Develop contingency plans to mitigate inflationary pressures and supply chain disruptions

• Provide market intelligence and strategic recommendations to executive leadership

Qualifications

• Bachelor's degree in Supply Chain Management, Engineering, Business Administration, Operations Management, or related field

• Minimum 8 years of experience in supplier cost control, strategic sourcing, commodity management, or procurement in manufacturing or high-tech industry

• Experience in semiconductor, optical, telecom, or electronics manufacturing industries

• Proven experience supporting NPI programs and supplier qualification activities

• Experience managing global suppliers and cross-functional sourcing initiatives

• Strong project management, analytical, and problem-solving skills

• Proficiency in SAP, Microsoft Excel, PowerPoint, and ERP systems

• Excellent communication, presentation, and stakeholder management skills

• Ability to manage multiple projects and priorities simultaneously

• Must be bilingual in Chinese (Mandarin)

• Experience working with Asia-based suppliers (China, Taiwan, Southeast Asia)

• Ability to travel domestically and internationally as needed (up to 60%)

Location

This position will be on-site based in Sugar Land, Texas.

WHY AOI?

In addition to a competitive salary, AOI offers

  • Flexible and competitive health (medical, dental, vision) plans offer employees the right options to meet individual and family needs
  • Employer matching on 401(k) deferrals
  • Generous PTO policy, with unused PTO payout at the end of the year
  • Relocation package available within the US
  • Immigration sponsorships (Must be currently authorized to work in the US)