Product Cost Optimization Engineer

Reposted 23 Days Ago
Be an Early Applicant
Sesto San Giovanni, Milano
In-Office
Mid level
Energy • Manufacturing • Solar • Renewable Energy
GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy.
The Role
The Product Cost Optimization Engineer leads re-engineering and cost reduction initiatives, analyzes designs for cost-saving opportunities, and collaborates with teams to enhance operational efficiency.
Summary Generated by Built In
Job Description SummaryThe 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

Top Skills

3D Cad Tools
Ptc Creo
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The Company
HQ: , Cambridge, MA
75,000 Employees
Year Founded: 2024

What We Do

GE Vernova is a planned purpose-built company on a mission to electrify the planet while simultaneously working to decarbonize it.

If we want our energy future to be different…we must be different.

Our mission is embedded in our name. We retain our treasured legacy, “GE,” in our name as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver.

GE Vernova brings together GE’s portfolio of energy businesses including Power, Wind, Electrification and Digital businesses. With focus, GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life.

Together, we have The Energy to Change the World.

Why Work With Us

Join our team, to evolve and grow, surrounded by some of the brightest minds in the industry who help you get better every day. You’ll get the chance to rewrite the rules, work on cutting-edge technology, and be part of a global team for positive change.

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