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Cost Reduction Jobs (NOW HIRING)

Foxconn Assembly LLC

Cost Analyst

Houston, TX · On-site

$55K - $68K/yr

Support the preparation of monthly cost reports, quarterly forecasts, and annual budgets. * Assist in tracking inventory costs and identifying opportunities for cost reduction. * Collaborate with ...

Foxconn Industrial Internet - FII

Cost Analyst

Houston, TX · On-site

$55K - $68K/yr

Support the preparation of monthly cost reports, quarterly forecasts, and annual budgets. * Assist in tracking inventory costs and identifying opportunities for cost reduction. * Collaborate with ...

Gotion, Inc.

Cost Accountant

Manteno, IL · On-site

$80K - $100K/yr

Develop and implement cost reduction strategies * Track and monitor variances between actual and budgeted costs * Maintain accurate records of all cost accounting transactions * Work closely with the ...

OSI Engineering

Cost Engineer

Columbus, OH · On-site

Identify value analysis/value engineering (VA/VE) opportunities and recommend cost reduction initiatives. * Maintain cost tracking tools, reporting dashboards, and cost databases. * Collaborate with ...

STACK Infrastructure

Director, Cost Strategy

Denver, CO · On-site

$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 ...

Stackinfra

Director, Cost Strategy

Denver, CO · On-site

$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 ...

OSI Engineering, Inc.

Cost Engineer

Columbus, OH · On-site

... reduction initiatives. · Maintain cost tracking tools, reporting dashboards, and cost databases. · Collaborate with engineering and purchasing teams to ensure product cost targets are achieved. · ...

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Cost Reduction information

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$39K

$107K

$147K

How much do cost reduction jobs pay per year?

As of Jul 14, 2026, the average yearly pay for cost reduction 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 is the difference between Cost Reduction vs Cost Analyst?

AspectCost ReductionCost Analyst
Primary FocusIdentifying and implementing strategies to decrease overall expensesAnalyzing costs, budgeting, and financial data to inform cost-saving decisions
Required SkillsStrategic planning, negotiation, project managementData analysis, financial modeling, reporting
Work EnvironmentCross-departmental, project-basedFinance or accounting departments, office setting
CertificationsOften not required but beneficial certifications include CPA, CMACPA, 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.

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Cost Reduction jobs near you
Senior Continuing Cost Engineer

Senior Continuing Cost Engineer

Agiliti Health, Inc.

Milwaukee, WI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Agiliti rating

7.8

Company rating: 7.8 out of 10

Based on 91 frontline employees who took The Breakroom Quiz

67th of 238 rated repair and maintenance companies

Job description

Who We Are
Agiliti is a leading provider of healthcare technology management and service solutions, helping healthcare organizations access, manage, and maintain medical equipment to enhance patient care. Our teams work collaboratively across engineering, supply chain, manufacturing, and quality to deliver innovative, compliant, and cost-effective solutions that support hospitals and clinical environments.
What's in it for You?
  • Opportunity to drive meaningful cost savings on critical medical device products
  • Collaborative, cross-functional environment with exposure to engineering, operations, and leadership teams
  • Ability to influence product strategy and lifecycle improvements in a regulated industry
  • Professional growth through complex problem-solving and value engineering initiatives
  • Competitive compensation and benefits package
  • Work that directly supports improved healthcare delivery and patient outcomes

What You Will Do in This Role?
  • 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
  • Apply DFMEA, PFMEA, and Root Cause Analysis (RCA) processes to cost and quality improvements
  • 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

What You Will Need for This Role?
  • 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

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.
Primary Job Location:
Milwaukee Design Center
Additional Locations (if applicable):
Job Title:
Sr Mechanical Engineer
Company:
Agiliti
Location City:
Wauwatosa
Location State:
Wisconsin

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