Cost Optimization Specialist

CNH Industrial Group; Oak Brook (IL); Hybrid; USD 107,000 - 164,000; Full time

Benefits offered by this job

Savings & Retirement benefits

Parental leave

Adoption assistance

Fertility & Family building support

Employee Assistance Programs

Charitable contribution matching and V

Volunteer Time Off

Job summary

CNH Industrial in Oak Brook, IL, is seeking a Cost Optimization Specialist to drive margin improvements across electrical, mechanical, and related components. You will lead cross-functional cost-reduction projects with Product Development, Purchasing, Logistics and suppliers.

The role requires a Bachelor's in engineering, 9+ years of manufacturing experience, and 2+ years in project management. You will apply cost modeling, value engineering, and rigorous supplier negotiations to deliver

Qualifications

• Bachelor’s degree in Electrical, Mechanical, Industrial, or Manufacturing Engineering.
• 9+ years of manufacturing experience, with purchasing, design engineering, cost management or related functions.
• 2+ years of project management in product development.
• Strong analytical skills and ability to interpret engineering specs.
• Hands-on cost breakdown experience for mechanical, metallic, chemical and electrical components.

Responsibilities

• Serve as the Cost Optimization lead for all Commodities, coordinating with cross-functional teams.
• Identify, prioritize, and execute cost‑reduction initiatives across components and assemblies.
• Develop and apply cost modeling tools to analyze components and support sourcing decisions.
• Support cost reduction projects with timely delivery and measurable impact.
• Collaborate with engineering to review designs for cost-effective solutions without compromising quality.
• Lead ideation, benchmarking activities, and supplier negotiations to drive savings.

Skills

Analytical skills

Project management

Cost reduction

Supplier negotiations

Cross-functional collaboration

Education

Bachelor’s degree in Electrical Engineering

Job description

Category: Purchasing

Job Type: Full Time

Working Mode: Hybrid

About Us

At CNH, we're driven by a clear purpose: we serve and advance the people who feed and build a growing world.

As a global leader in agriculture and construction, we create the equipment, technology, and solutions that help our customers work more productively and sustainably. Our success starts with our people, and we foster a collaborative culture where innovation thrives and every employee has the opportunity to grow.

Grow a Career. Build a Future.

If you're ready to make an impact and build a career with purpose, there's a place for you at CNH.

Job Purpose

The Cost Optimization Specialist is a key role to drive and implement company margin improvement goals. The individual will work closely with mechanical, metallic, chemical and 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 all Commodities, working closely with the 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 designs, ensuring cost-effective solutions without compromising performance or compliance.

Experience Required

• Bachelor’s degree in Electrical, Mechanical, Industrial, or Manufacturing Engineering.
• Minimum 9 years of experience in a manufacturing environment, with roles in purchasing, design engineering, cost management, quality or related functions.
• Minimum 2 years of project management experience related to product development.
• Strong analytical skills with the ability to interpret technical drawings and engineering specifications.
• Hands‑on experience in mechanical, metallic, chemical and electrical components cost break down and estimation, and supplier negotiations for cost reduction.

Pay Transparency

The annual salary for this role is USD $106,725.00 - $163,645.00 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:

• Savings & Retirement benefits
• Parental leave
• Adoption assistance
• Fertility & Family building support
• Employee Assistance Programs
• Charitable contribution matching and Volunteer Time Off

Click here to learn more about our benefits offerings! (US only)

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.

Join us at the forefront of precision technology, driverless solutions, electrification, and alternative fuels. Be part of a team that makes a difference with their innovative thinking and inspired creativity.

CNH Industrial (NYSE: CNH) is a world-class equipment, technology and services company. The Company operates commercially through its brand portfolio which includes Case IH, New Holland, CASE and New Holland Construction Equipment.