Cost Optimization Engineer

Category:
Purchasing

Job Type: Full Time

Working Mode:
Hybrid

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.

The 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.

• 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 Sheet metal 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.

• 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,…