Product Cost Optimization Engineer

Job description

Job Description Summary

The Product Cost Optimization Engineer will play a key role in driving product re-engineering and cost reduction initiatives at our Grid Solutions Bushing manufacturing site. This position is dedicated to identifying and implementing structured cost-out strategies across product designs and manufacturing processes, ensuring sustainable savings while maintaining quality and compliance standards. Working collaboratively with cross-functional teams, the engineer will support the site’s operational efficiency and contribute to long-term competitiveness.

Job Description

Key Responsibilities :

·  Lead and execute product cost optimization initiatives at our bushings manufacturing site, including re-engineering activities aimed at reducing material, manufacturing, and operational costs.
·  Analyze current product designs, BOMs, and processes to identify and implement cost-out opportunities without compromising quality or compliance.
·  Collaborate closely with cross-functional teams (Engineering, Manufacturing, Procurement, Sourcing, Quality) to drive cost reduction projects.
·  Develop business cases for proposed cost optimization actions and present recommendations to management.
·  Monitor and report on cost-out performance, documenting improvements and lessons learned.

Required Qualifications :

·  Bachelor’s degree in Engineering (Mechanical, Industrial, or related field); Master’s preferred.
·  Proven experience in product re-engineering, cost reduction, or value analysis/value engineering within a manufacturing environment.
·  Strong analytical and problem-solving skills with demonstrated ability to deliver measurable cost savings.
·  Hands-on knowledge of 3D CAD tools (preferably PTC Creo)
·  Effective communication and collaboration skills in an international, cross-functional environment.
·  Proficiency in Italian and English

Desired Skills :

·  Familiarity with BOM and drawing release processes.
·  Knowledge of lean manufacturing, Six Sigma, or other continuous improvement methodologies.
·  Proficiency with relevant engineering and data analysis tools.
·  Strong organizational skills and ability to manage multiple priorities.
 

Additional Information

Relocation Assistance Provided: No