Product Cost Optimization Engineer

Overview

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Job location: Sesto San Giovanni, Lombardy, Italy.

The Product Cost Optimization Engineer will play a key role in driving product re-engineering and cost reduction initiatives at our Grid Solutions Bushing manufacturing site. This position is dedicated to identifying and implementing structured cost-out strategies across product designs and manufacturing processes, ensuring sustainable savings while maintaining quality and compliance standards. Working collaboratively with cross-functional teams, the engineer will support the site’s operational efficiency and contribute to long-term competitiveness.

Key Responsibilities

• Lead and execute product cost optimization initiatives at our bushings manufacturing site, including re-engineering activities aimed at reducing material, manufacturing, and operational costs.
• Analyze current product designs, BOMs, and processes to identify and implement cost-out opportunities without compromising quality or compliance.
• Collaborate closely with cross-functional teams (Engineering, Manufacturing, Procurement, Sourcing, Quality) to drive cost reduction projects.
• Develop business cases for proposed cost optimization actions and present recommendations to management.
• Monitor and report on cost-out performance, documenting improvements and lessons learned.

Required Qualifications

• Bachelor’s degree in Engineering (Mechanical, Industrial, or related field); Master’s preferred.
• Proven experience in product re-engineering, cost reduction, or value analysis/value engineering within a manufacturing environment.
• Strong analytical and problem-solving skills with demonstrated ability to deliver measurable cost savings.
• Hands-on knowledge of 3D CAD tools (preferably PTC Creo).
• Effective communication and collaboration skills in an international, cross-functional environment.
• Proficiency in Italian and English.

Desired Skills

• Familiarity with BOM and drawing release processes.
• Knowledge of lean manufacturing, Six Sigma, or other continuous improvement methodologies.
• Proficiency with relevant engineering and data analysis tools.
• Strong organizational skills and ability to manage multiple priorities.

Additional Information

Relocation Assistance Provided: No

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Engineering and Information Technology
• Industries: Electric Power Generation