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Manager Cost Optimization Jobs in Chicago, IL (NOW HIRING)

Amgen

Strategic Sourcing Manager

Chicago, IL · On-site

$132K - $172K/yr

Lead global sourcing initiatives focused on cost optimization, supplier performance, and risk management. * Manage end-to-end supplier selection, negotiations, contracting, and relationship ...

Flexera

Renewals Account Manager

Itasca, IL · On-site +1

... into cost optimization, compliance and risks for each business service. Flexera One solutions are built on a set of definitive customer, supplier and industry data, powered by our Technology ...

cap

Category Manager Packaging Procurement

Winnetka, IL · On-site

$87K - $118K/yr

Cost Optimization & Market Intelligence * Monitor and analyze market drivers (corrugate, resin, EPS ... Strategic category management and sourcing expertise * Advanced negotiation and supplier ...

F1 Arcade

Procurement Director

Chicago, IL · On-site

The role will develop and implement a procurement function that delivers measurable value through cost optimization, supplier innovation, risk management, governance, and operational excellence ...

F1 Arcade

Procurement Director

Chicago, IL · Remote

The role will develop and implement a procurement function that delivers measurable value through cost optimization, supplier innovation, risk management, governance, and operational excellence ...

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All JobsCost Optimization JobsManager Cost Optimization JobsManager Cost Optimization Jobs in Chicago, IL

Manager Cost Optimization information

See Chicago, IL salary details

$40.2K

$110.2K

$151.4K

How much do manager cost optimization jobs pay per year?

As of Aug 15, 2026, the average yearly pay for manager cost optimization in Chicago, IL is $110,233.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,300.00 and $125,200.00 per year, depending on experience, location, and employer.

How does a manager cost optimization typically collaborate with other departments to achieve cost-saving goals?

A Manager Cost Optimization works closely with various departments such as finance, procurement, operations, and supply chain to identify areas for cost reduction and process improvement. This role often involves leading cross-functional meetings, analyzing spending patterns, and developing strategies that align with both departmental objectives and organizational goals. Effective collaboration relies on strong communication skills and the ability to present data-driven recommendations in a way that addresses the unique needs of each team. By fostering a cooperative environment, the Manager ensures buy-in and successful implementation of cost-saving initiatives across the organization.

What is the difference between Manager Cost Optimization vs Cost Analyst?

AspectManager Cost OptimizationCost Analyst
CredentialsBachelor's degree, often MBA or related certificationsBachelor's degree, certifications like CPC or similar beneficial
Work EnvironmentStrategic planning, team leadership, cross-department collaborationData analysis, reporting, financial modeling
Employer & Industry UsageUsed in finance, manufacturing, retail, and logistics companiesCommon in finance, consulting, and corporate finance departments

The Manager Cost Optimization focuses on developing strategies to reduce costs and improve efficiency across departments, often leading teams and making high-level decisions. In contrast, the Cost Analyst primarily analyzes financial data to identify cost-saving opportunities, supporting managerial decisions with detailed reports. Both roles are essential for financial health but differ in scope and responsibilities.

What are the key skills and qualifications needed to thrive as a manager cost optimization, and why are they important?

To thrive as a Manager Cost Optimization, you need strong analytical skills, financial expertise, and a background in business, finance, or supply chain management, often supported by a relevant degree. Familiarity with ERP systems, data analytics tools like Excel or Tableau, and certifications such as Six Sigma or Lean Management are typically required. Exceptional problem-solving, communication, and stakeholder management skills help drive effective cost-saving strategies and foster cross-functional collaboration. These capabilities are crucial for identifying opportunities, implementing cost controls, and ensuring organizational profitability.

What is a manager cost optimization?

A Manager Cost Optimization is responsible for identifying, analyzing, and implementing strategies to reduce costs and improve financial efficiency within an organization. They work closely with various departments to monitor expenditures, streamline processes, and negotiate better terms with vendors or suppliers. Their goal is to ensure that the company operates as cost-effectively as possible without compromising quality or performance.

What are the most commonly searched types of Cost Optimization jobs in Chicago, IL?

The most popular types of Cost Optimization jobs in Chicago, IL are:

What are popular job titles related to Manager Cost Optimization jobs in Chicago, IL?

For Manager Cost Optimization jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Manager Cost Optimization jobs in Chicago, IL look for?

The top searched job categories for Manager Cost Optimization jobs in Chicago, IL are:

Manager Cost Optimization jobs near you

Cost Optimization Specialist

CNH Industrial N.V.

Oak Brook, IL • On-site

$86K - $132K/yr

Full-time

Retirement

Posted 2 days ago

New

Job description

5289
Job Location: Oak Brook - Illinois - United States
Category for Job Posting: Purchasing
Job Type for Job Posting: Full Time
Working Mode for Job Posting: Hybrid
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About Us
Innovation. Sustainability. Productivity. This is how we are Breaking New Ground in our mission to sustainably advance the noble work of farmers and builders everywhere. With a growing global population and increased demands on resources, our products are instrumental to feeding and sheltering the world.
From developing products that run on alternative power to productivity-enhancing precision tech, we are delivering solutions that benefit people - and they are possible thanks to people like you. If the opportunity to build your skills as part of a collaborative, global team excites you, you're in the right place.
Grow a Career. Build a Future!
Be part of this company at the forefront of agriculture and construction, that passionately innovates to drive customer efficiency and success. And we know innovation can't happen without collaboration. So, everything we do at CNH Industrial is about reaching new heights as one team, always delivering for the good of our customers.
Job Purpose
The Cost Optimization Specialist in electrical is a key role to drive and implement company margin improvement goals. The individual will work closely with electrical commodity cross-functional teams (Product Development, Manufacturing, Purchasing, Logistics, Commercial, Services) and suppliers to screen, track, implement cost Optimization projects, promote internal and external idea generation activities.
Key Responsibilities
  • Serve as the Cost Optimization lead for Electrical Commodities, working closely with the Electrical CMD team to identify, prioritize, and execute cost reduction initiatives across electrical and electronic components, wire harnesses, sensors, controllers, switches, connectors, and related assemblies.
  • Proactively identify and prioritize cost-saving opportunities, building a forward-looking project roadmap to support annual purchasing targets.
  • Manage ideation and benchmarking activities, including workshops, line walks, and competitive analysis to drive innovative cost-down strategies.
  • Develop and apply cost modeling tools to analyze components across commodities, including wire harnesses, electrical assemblies, and electronic components, support sourcing decisions and supplier negotiations.
  • Support the execution of cost reduction projects by partnering with Product Development, Purchasing, Logistics, and other business functions to ensure timely delivery and measurable impact.
  • Provide technical expertise in external and internal value engineering and value analysis.
  • Challenge existing design concepts, material grade selections, and technologies to evaluate whether products are designed to optimize cost and quality.
    • Collaborate with engineering teams to review electrical/electronic designs, ensuring cost-effective solutions without compromising performance or compliance.

Experience Required
  • Bachelor's degree in electrical, Mechanical, Industrial, or Manufacturing Engineering.
  • 9+ years of experience in a manufacturing environment, with roles in purchasing, design engineering, cost management, quality or related functions.
  • 3+ years of project management experience related to product development.
  • Strong analytical skills with the ability to interpret technical drawings and engineering specifications and electrical schematics/wire harness layouts.
  • Hands-on experience in electrical/electronic systems, including wire harness design, electrical components costing, and supplier negotiations or electronic assemblies.

Pay Transparency
The annual salary for this role is USD $86,625.00 - $132,825.00 plus any applicable bonus (Actual salaries will vary and will be based on various factors, such as skill, experience and qualification for the role.)
For roles open across multiple locations, the salary range indicated refers to the primary location. If a different location is considered, the applicable salary range will be communicated to candidates prior to the first interview.
What We Offer
We offer dynamic career opportunities across an international landscape. As an equal opportunity employer, we are committed to delivering value for all our employees and fostering a culture of respect.
At CNH, we understand that the best solutions come from the diverse experiences and skills of our people. Here, you will be empowered to grow your career, to follow your passion, and help build a better future. To support our employees, we offer regional comprehensive benefits, including:
  • Flexible work arrangements
  • Savings & Retirement benefits
  • Tuition reimbursement
  • Parental leave
  • Adoption assistance
  • Fertility & Family building support
  • Employee Assistance Programs
  • Charitable contribution matching and Volunteer Time Off

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