What are the responsibilities and job description for the Cost Optimization Specialist position at CNH?
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 Specialist is a key role to drive and implement company margin improvement goals. The individual will work closely with 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
The annual salary for this role is USD $85,000 - $140,500 plus any applicable bonus (Actual salaries will vary and will be based on various factors, such as skill, experience and qualification for the role.)
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:
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 Specialist is a key role to drive and implement company margin improvement goals. The individual will work closely with 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
- Lead margin improvement inititatives by indentifying cost reduction opportunities, managing project pipelines, and collaberating with internal stakeholders and external suppliers.
- 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, supporting 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 measureable impact.
- Provide technical expertise in external and internal value engineering and value analysis.
- Challnge existing design concepts, material grad selections and technologies to evaulate products are designed to optimize cost and quality.
- Bachelors degree in Electical, 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 2-3 years of project management experience related to product development.
- Strong analytical skills with the ability to interpret technical drawings and engineering specifications.
- Proficiency in Microsof Office (Excel, PowerPoint); familiarity with Power BI, SAP, and MRP systems is preferred.
- Demonstrated results-oriented mindset with strong communication and change management skills.
- Self-motivated, detail oriented, and accountable for task ownership and execution.
The annual salary for this role is USD $85,000 - $140,500 plus any applicable bonus (Actual salaries will vary and will be based on various factors, such as skill, experience and qualification for the role.)
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 (3 days in office/2 days remote)
- 15 Paid Holidays
- Savings & Retirement benefits (above industry standard)
- Tuition reimbursement
- Parental leave
- Adoption assistance
- Fertility & Family building support
- Employee Assistance Programs
- Charitable contribution matching and Volunteer Time Off
Salary : $85,000 - $140,500