Cost Optimization Engineer

CNH; Wisconsin; On-site; USD 64,000 - 98,000; Full time

Benefits offered by this job

Flexible work arrangements

Savings & Retirement benefits

Tuition reimbursement

Parental leave

Adoption assistance

Fertility & Family building support

Employee Assistance Programs

Charitable contribution matching

Job summary

CNH Industrial is seeking a Cost Optimization Engineer in the United States to drive margin improvement across mechanical, electrical, metallic, and other commodity groups. You will partner with Product Development, Purchasing, Logistics, and Suppliers to screen, track, and implement cost optimization initiatives while promoting idea generation and continuous improvement.

The role requires a degree in a technical field and several years of cross-functional project experience.

Qualifications

• Bachelor's degree in a related engineering field.
• Minimum 3 years in manufacturing with cross-functional project leadership.
• Experience with cost reduction, supplier negotiations, and VA/VE.

Responsibilities

• Serve as Cost Optimization engineer for multiple commodities, collaborating with cross-functional teams.
• Identify and prioritize cost-saving opportunities with a forward-looking roadmap.
• Lead ideation, benchmarking, and competitive analysis to drive cost-down strategies.
• Develop analytical cost models to analyze components and support sourcing decisions.
• Support execution of cost reduction projects with Product Development, Purchasing, and Logistics.
• Provide VA/VE leadership with internal and external stakeholders.

Skills

Analytical skills

GD&T

Electrical schematics

Problem solving

Cross-functional leadership

Education

Bachelor’s degree in Mechanical Engineering

Bachelor’s degree in Electrical/Industrial/M Manufacturing Engineering

Tools

Cost modeling tools

Job description

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.

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 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 Transparency

The 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 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.

Benefits

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

US applicants: CNH Industrial is an equal opportunity employer. This company considers candidates regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Applicants can learn more about their rights by viewing the federal "Know Your Rights" poster here. CNH Industrial participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You can view additional information here.

Canada applicants: CNH Industrial is an equal opportunity employer. This company considers candidates regardless of race, color, religion, sex, sexual orientation, gender identity, nationality, place of origin, disability, marital status, family status, age, or any other ground prohibited by applicable provincial human rights legislation.

If you need reasonable accommodation with the application process, please contact us at [e-mail].