Cost Optimization Specialist

Job Description

Cost Optimization Specialist

Requisition ID: 6325

Job Location: Oak Brook- Illinois- United States

Category for Job Posting: Purchasing

Job Type for Job Posting: Full Time

Working Mode for Job Posting: Hybrid

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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:

• 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

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.

If you need reasonable accommodation with the application process, please contact us at narecruitingmailbox@cnh.com.

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