Cost Optimization Specialist

Description

• Lead margin improvement initiatives by identifying cost reduction opportunities, managing project pipelines, and collaborating with internal stakeholders and external suppliers.
• Manage ideation and benchmarking activities, including workshops, line walks, and competitive analysis to drive innovative cost-down strategies.
• Collaborate with engineering teams to review electrical/electronic designs, ensuring cost-effective solutions without compromising performance or compliance.
• 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.
• Develop and apply cost modeling tools to analyze components across commodities, including wire harnesses, electrical assemblies, and electronic components, supporting sourcing decisions and supplier negotiations.
• Proactively identify and prioritize cost-saving opportunities, building a forward-looking project roadmap to support annual purchasing targets.
• 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.

Requirements

• Knowledge of industry standards for electrical/electronic components and experience with cost benchmarking in electronics manufacturing.
• Minimum 9 years of experience in a manufacturing environment, with roles in purchasing, design engineering, cost management, quality or related functions.
• Bachelors degree in Electical, Mechanical, Industrial, or Manufacturing Engineering.
• Self-motivated, detail-oriented, and accountable for task ownership and execution.
• Proficiency in Microsoft Office (Excel, PowerPoint); familiarity with Power BI, SAP, and MRP systems is preferred.
• Strong analytical skills with the ability to interpret technical drawings and engineering specifications and electrical schematics/wire harness layouts.
• Hands-on experiencein electrical/electroni systems, including wire harness design, electrical components costing, and supplier negotiations or eletronic assemblies.
• Demonstrated results-oriented mindset with strong communication and change management skills.
• Minimum 2-3 years of project management experience related to product development.

Benefits

• Flexible work arrangements (3 days in office/2 days remote)
• 15 Paid Holidays
• Parental leave
• Employee Assistance Programs
• Adoption assistance
• Fertility & Family building support
• Charitable contribution matching and Volunteer Time Off
• Tuition reimbursement
• Savings & Retirement benefits (above industry standard)

Training + Development

Interview process

Visa Sponsorship

Security clearance