5878
Job Location: Oak Brook - Illinois - United States, Racine - Wisconsin - United States
Category for Job Posting: Purchasing
Job Type for Job Posting: Full Time
Working Mode for Job Posting: Hybrid
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Job PurposeThe Cost Optimization Engineer is a key role to drive and implement company margin improvement goals. The individual will work closely with mechanical, powertrain, metallic, electrical and chemical 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 engineer for mechanical, powertrain, metallic, electrical and chemical commodities, working closely with the team to identify, prioritize, and execute cost reduction initiatives across various commodity clusters.
- 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 analytical cost modeling tools to analyze components across commodities, including Sheetmetal and welded parts, hydraulic system components, and electronic components, support sourcing decisions and supplier negotiations.
- Support the execution of cost reduction projects by partnering with cross functional teams such as Product Development, Purchasing, Logistics, and other business functions to ensure timely delivery and measurable impact.
- Provide technical leadership in Value Analysis/Value Engineering (VA/VE) activities with both internal stakeholders and external suppliers.
- Challenge existing product designs, material specifications, manufacturing processes, and technology selections to identify opportunities for cost optimization while maintaining performance, quality, reliability, and regulatory compliance.
- Partner with engineering teams to review product designs and specifications across commodity groups, ensuring commercially optimized solutions throughout the product lifecycle.
Experience Required- Bachelor's degree in Mechanical Engineering, Electrical Engineering, Industrial Engineering, Manufacturing Engineering, or a related technical discipline.
- Minimum 3 years of experience in a manufacturing environment, with roles in purchasing, design engineering, cost management, quality or related functions.
- Minimum of 2 years of experience leading or managing product development and cross-functional projects.
- Strong analytical and problem-solving skills, with the ability to interpret engineering drawings, GD&T requirements, technical specifications, electrical schematics, and wire harness layouts.
- Hands-on experience with mechanical and metallic systems, including component design, manufacturing processes, should-cost analysis, supplier engagement, and commercial negotiations.
- Demonstrated ability to influence cross-functional teams and drive projects from concept through implementation.
Pay TransparencyThe annual salary for this role is USD $63,750.00 - $97,750.00 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 OfferWe 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
