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Cost Reduction Manager Jobs (NOW HIRING)

Demonstrated experience leading cost-reduction, value engineering, or design-to-cost initiatives on released products.* Proficiency with CAD tools (SolidWorks preferred), PDM systems, BOM management ...

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$39K

$107K

$147K

How much do cost reduction manager jobs pay per year?

As of Sep 9, 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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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.

Senior Continuing Cost Engineer

On-site

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Key responsibilities

  • Own and execute cost-reduction initiatives for medical device products, including BOM optimization, material substitutions, design simplification, and supplier changes.

  • Identify high-impact cost drivers through BOM analysis, supplier spend reviews, labor studies, and field repair data.

  • Lead engineering change activities (ECRs/ECOs) associated with cost reduction while ensuring compliance with ISO, IEC, FDA, and QMS requirements.


Agiliti rating

7.6

Company rating: 7.6 out of 10

Based on 96 frontline employees who took The Breakroom Quiz

116th of 284 rated repair and maintenance companies


Job description

## Senior Continuing Cost EngineerApplyremote type: Hybridlocations: Milwaukee Design Centertime type: Full timeposted on: Posted Yesterdayjob requisition id: JR43343## About the RoleThe Senior Cost Engineer is a specialized sustaining engineering role focused on reducing the cost of existing medical device products while maintaining regulatory compliance, quality, and customer performance. This role partners closely with Mechanical Engineering, Electrical Engineering, Supply Chain, Manufacturing, and Quality to identify, analyze, and execute cost-reduction initiatives across released products and legacy designs.## SummaryUnlike new product development roles, the Senior Cost Engineer operates primarily in a post-release environment, driving material, labor, tooling, and supplier cost improvements through structured engineering changes (ECOs) and cross-functional collaboration.## Key Responsibilities* Own and execute cost-reduction initiatives for medical device products, including BOM optimization, material substitutions, design simplification, and supplier changes.* Identify high-impact cost drivers through BOM analysis, supplier spend reviews, labor studies, and field repair data.* Lead engineering change activities (ECRs/ECOs) via SolidWorks associated with cost reduction while ensuring compliance with ISO, IEC, FDA, and QMS requirements.* Partner with Supply Chain, Quality and Manufacturing to evaluate alternate materials, processes, tooling strategies, and sourcing options.* Collaborate with Mechanical and Electrical Design Engineers to assess technical feasibility and risk of proposed cost-down changes.* Perform structured trade studies balancing cost, quality, risk, and manufacturability; document decisions and recommendations for leadership review.* Support Design for Manufacturing (DFM), Design for Assembly (DFA), and Design for Cost (DFC) improvements on released products.* Knowledge and experience with DFMEA, PFMEA, Root Cause Analysis (RCA) processes.* Analyze warranty, service, and repair data to identify recurring cost opportunities and drive corrective actions.* Coordinate validation, testing, and phased implementation of cost-driven changes to minimize production and field disruption.* Track cost savings, implementation progress, and risk status; clearly communicate results to engineering and operations leadership.## Required Qualifications* Bachelor’s degree in Mechanical Engineering or related engineering discipline; advanced degree preferred.* 8+ years of engineering experience supporting manufactured products; medical device or regulated industry experience strongly preferred.* Demonstrated experience leading cost-reduction, value engineering, or design-to-cost initiatives on released products.* Proficiency with CAD tools (SolidWorks preferred), PDM systems, BOM management, and issue-tracking tools such as Jira.* Strong working knowledge of manufacturing processes such as injection molding, blow molding, machining, sheet metal, welding, wire routing, and assembly.* Experience with supplier-facing engineering changes, alternate sourcing, and material/process substitutions.* Working knowledge of ISO 13485, ISO 14971, applicable IEC standards, and FDA design control expectations.* Ability to perform technical risk assessments and root cause analysis related to cost-driven changes.* Strong analytical and financial acumen with the ability to quantify savings and articulate trade-offs.* Excellent communication skills with the ability to influence across engineering, operations, and leadership.## Preferred Skills and Experience* Experience applying Design for Cost (DFC) and value engineering methodologies.* Familiarity with cost modeling, should-cost analysis, or parametric costing techniques.* Experience supporting legacy products with incomplete or aging documentation.* Previous experience working directly with contract manufacturers or global suppliers.* Ability to mentor engineers on cost-aware design practices.## Working Style and ExpectationsThis role requires a pragmatic, systems-level thinker who is comfortable balancing cost objectives against quality, compliance, and operational risk. Success is measured by sustained, realized cost savings, not just identified opportunities. A successful candidate will be able to navigate relationships with internal and external stakeholders in Purchasing, Quality, and Manufacturing.*It is the policy of Agiliti to provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender identity, sex, sexual orientation, national origin, age, physical or mental disability, genetic information, marital status, status as a veteran, military service, or any other characteristic protected by applicable federal, state, or local civil rights laws. In addition, Agiliti will provide reasonable accommodations for qualified individuals with disabilities. Agiliti strictly prohibits any form of retaliation against individuals who make good faith reports of alleged violations of this policy or who cooperate in Agiliti’s investigation of such reports. Affirmative Action Policy Statements**You may be required to obtain certain vaccinations, or provide proof of current vaccination status, based on customer and/or company requirements. If vaccination is required, Agiliti will provide specific directions and cover the expense at a participating clinic. Please note, this includes the COVID-19 vaccination.**Agiliti offers a robust suite of benefits for regular, full-time, non-union employees including: health insurance options for Medical, Dental & Vision plans, Short- and Long-Term Disability plans, Flexible Spending Accounts, Health Savings Accounts, Life Insurance Options, Paid Time Off, 401K Saving Plan with employer match, Employee Discounts, Tuition Reimbursement, Daily Pay program, Employee Assistance Program, and wellness programs.**Agiliti is an equal opportunity employer and provides reasonable accommodations to employees and applicants consistent with state and federal law.**If you require assistance with your application, please contact recruiting@agilitihealth.com.* #J-18808-Ljbffr

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