Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Cost Estimator
$90K - $100K/yr
Identify major cost drivers and recommend opportunities for cost reduction * Support design-to-cost initiatives through manufacturability and material optimization feedback Supplier & Component ...
Cost Estimator
$90K - $100K/yr
Identify major cost drivers and recommend opportunities for cost reduction * Support design-to-cost initiatives through manufacturability and material optimization feedback Supplier & Component ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
New
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
New
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
New
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
New
Cost Optimization Manager
Lake Forest, IL · On-site
$98K - $139K/yr
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
Cost Optimization Manager
Lake Forest, IL · On-site
$98K - $139K/yr
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
Cost Optimization Manager
Lake Forest, IL · On-site
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
Cost Optimization Manager
Lake Forest, IL · On-site
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives. * Conduct VA/VE workshops with suppliers to generate ...
Cost Optimization Manager
$98K - $139K/yr
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
Cost Optimization Manager
$98K - $139K/yr
Identify, evaluate, and lead cost reduction initiatives across manufacturing, supply chain, procurement, engineering, and operations. * Develop and maintain a robust pipeline of cost-saving ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
Director, Cost Strategy
$192K - $216K/yr
Cost Reduction: * Lead initiatives to identify and implement cost-saving measures across all phases of the project lifecycle. * Coordinate cross-functional teams with expertise in the various ...
Director, Cost Strategy
$192K - $216K/yr
Cost Reduction: * Lead initiatives to identify and implement cost-saving measures across all phases of the project lifecycle. * Coordinate cross-functional teams with expertise in the various ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
A successful candidate will have experience managing complex technical BOM costing, tracking large cost reduction activities and navigating constant technical hardware design changes. They are ...
Cost Accountant-Manufacturing
Richardson, TX · Hybrid
$80K - $100K/yr
You'll partner closely with operations and production teams to analyze manufacturing performance, support budgeting and forecasting, drive cost accuracy, and contribute to pricing and cost-reduction ...
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Cost Accountant-Manufacturing
Richardson, TX · Hybrid
$80K - $100K/yr
You'll partner closely with operations and production teams to analyze manufacturing performance, support budgeting and forecasting, drive cost accuracy, and contribute to pricing and cost-reduction ...
Plant Cost Analyst
Edinboro, PA · On-site
Capital & Cost Reduction Initiatives * - Monitor and report on capital expenditures, including spending versus approved budgets. * - Track and validate cost reduction initiatives and productivity ...
Plant Cost Analyst
Edinboro, PA · On-site
Capital & Cost Reduction Initiatives * - Monitor and report on capital expenditures, including spending versus approved budgets. * - Track and validate cost reduction initiatives and productivity ...
Capital & Cost Reduction Initiatives * - Monitor and report on capital expenditures, including spending versus approved budgets. * - Track and validate cost reduction initiatives and productivity ...
Capital & Cost Reduction Initiatives * - Monitor and report on capital expenditures, including spending versus approved budgets. * - Track and validate cost reduction initiatives and productivity ...
Senior Cost Engineer
Oshkosh, WI · On-site
$73K - $117K/yr
Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and should-cost modeling to support sourcing strategies and supplier negotiations * Partner with Supply ...
Senior Cost Engineer
Oshkosh, WI · On-site
$73K - $117K/yr
Monitor cost trends and recommend cost reduction initiatives * Support supplier cost analysis and should-cost modeling to support sourcing strategies and supplier negotiations * Partner with Supply ...
Cost Reduction information
See salary details
$39K - $48.8K
1% of jobs
$48.8K - $58.6K
2% of jobs
$58.6K - $68.5K
2% of jobs
$68.5K - $78.3K
4% of jobs
$78.3K - $88.1K
9% of jobs
$94.5K is the 25th percentile. Wages below this are outliers.
$88.1K - $97.9K
11% of jobs
The median wage is $107.7K / yr.
$97.9K - $107.7K
21% of jobs
$107.7K - $117.5K
19% of jobs
$120.5K is the 75th percentile. Wages above this are outliers.
$117.5K - $127.4K
19% of jobs
$127.4K - $137.2K
7% of jobs
$137.2K - $147K
4% of jobs
$39K
$107K
$147K
How much do cost reduction jobs pay per year?
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What is the difference between Cost Reduction vs Cost Analyst?
| Aspect | Cost Reduction | Cost Analyst |
|---|---|---|
| Primary Focus | Identifying and implementing strategies to decrease overall expenses | Analyzing costs, budgeting, and financial data to inform cost-saving decisions |
| Required Skills | Strategic planning, negotiation, project management | Data analysis, financial modeling, reporting |
| Work Environment | Cross-departmental, project-based | Finance or accounting departments, office setting |
| Certifications | Often not required but beneficial certifications include CPA, CMA | CPA, CFA, or similar financial certifications often preferred |
While both roles focus on cost management, Cost Reduction involves developing and executing strategies to lower expenses across the organization. Cost Analysts primarily analyze financial data to identify cost-saving opportunities and support decision-making. The roles overlap in financial analysis skills but differ in scope and responsibilities, with Cost Reduction being more strategic and implementation-oriented, and Cost Analysts focusing on detailed financial analysis and reporting.
How to make $80,000 a year without a degree?

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Nexteer Automotive rating
6.6
Based on 42 frontline employees who took The Breakroom Quiz
334th of 417 rated machine equipment manufacturers
Job description
Position: Cost Improvement Process (CIP) Manager
At Nexteer, our strength lies in the diversity of our team-each member contributing unique backgrounds, experiences, and aspirations. We believe this diversity fuels our innovation, broadens our perspectives, and propels our collective growth.
For over a century, we've been innovators in the automotive industry. Our vision is clear - we are a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our unwavering commitment to Quality, Collaboration, Integrity, and Accountability guides us as we solve motion control challenges for our global customers. If you're ready to join a dynamic team that drives change and makes a difference, Nexteer welcomes you!
About the Role:
Are you a strategic thinker with a passion for driving cost savings and process improvements? We are looking for a Cost Improvement Process Analyst to join our team and lead our efforts to optimize material costs across our organization.
Key Responsibilities
As a CIP Manager, you will be responsible to:
- Develop and implement strategies to drive cost savings through the optimization of material sourcing and procurement processes.
- Lead cross-functional teams to identify opportunities for cost reduction, negotiate pricing with suppliers, and implement cost-saving initiatives.
- Conduct VA/VE workshops with suppliers to generate improvement ideas and ensure that approved ideas are implemented
- Collaborate with internal stakeholders to ensure alignment on cost reduction goals and monitor progress towards achieving targets.
- Analyze material cost data and trends to identify opportunities for improvement and develop actionable plans to drive results.
- Stay current on market trends, supplier capabilities, and industry best practices to drive continuous improvement in material cost management.
- Conduct market research to identify and develop new suppliers/disruptors to properly support the needs of each product line and improve cost competitiveness
Qualifications
- 5+ years of relevant experience
- Proven experience in materials management, procurement, or supply chain with a focus on cost reduction.
- Strong analytical and problem-solving skills with the ability to drive data-driven decision making.
- Excellent communication and collaboration skills with the ability to influence and negotiate with internal and external stakeholders.
- Project management experience and the ability to lead cross-functional teams to achieve targeted results.
- Must be able to travel up to 15%
Education Requirements
- Bachelors degree in business, engineering, supply chain management or related field
Nexteer is an Equal Opportunity Employer Disabled/Minorities/Veterans/Women
Nexteer is an E-Verify employer. E-Verify is an internet-based system operated by the Department of Homeland Security (DHS) in partnership with the Social Security Administration (SSA) that allows participating employees to electronically verify the employment eligibility of their newly hired employees in the United States.
Accessibility for Applicants with Disabilities: If you need a reasonable accommodation for the online application process due to a disability, please email careers@nexteer.com. Please provide your contact information and details about the posted position of interest. Only inquiries regarding assistance for those who need an accommodation with the online application process due to a disability will be returned.
About Nexteer
Nexteer Automotive is a global leader in advanced steering and motion control systems, enabling intuitive, safe, and comfortable mobility for drivers around the world. Our innovative product portfolio includes Electric Power Steering (EPS), Steer-by-Wire, Driveline, and Advanced Driver Assistance Systems (ADAS) technologies that support electrification, software-defined vehicles, and autonomous driving.
With approximately 13,000 employees and operations in more than 20 manufacturing plants and multiple technical centers globally, Nexteer partners with nearly every major global and regional automotive manufacturer.
Employment Agencies
Employment agencies are an important component of our talent acquisition strategy, and we value the partnerships we have built with our preferred vendors. We will not accept unsolicited resumes from employment agencies for any employment opportunity. All resumes submitted by search firms to any employee at Nexteer Automotive or directly to hiring managers in any form without a signed Nexteer Automotive Agency Agreement on file, and search engagement for that position, will be deemed unsolicited in nature, and no fee will be paid in the event the candidate is hired as a result of the referral or through other means. Additionally, any resume submitted without a contract in place will be considered Nexteer Automotive property and no fees will be paid to the agency if the candidate is hired.
Please note, agency agreements will only be valid if in writing and signed by a member of Nexteer's Human Resources team. No other Nexteer employee is authorized to bind Nexteer to any agreement regarding the placement of candidates by an agency.
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About Nexteer Automotive
Sourced by ZipRecruiter
Industry
Motor vehicle manufacturing
Company size
1,001 - 5,000 Employees
Headquarters location
Auburn Hills, MI, US
Year founded
1906