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Cost Reduction Engineer (Value Engineering / Supply Chain)Leamington Spa£45,000 to £50,000 + 10% bonus Mon–Thu 08:00–17:00, Fri 08:00–12:0026 days holiday + 8 bank holidaysPrivate medical cover (after qualifying period) + Death in Service benefit (4x annual salary)Permanent | Highly rated engineering employer with exceptional retentionA highly respected engineering manufacturer in Leamington Spa is recruiting a Cost Reduction Engineer to take ownership of value engineering and cost-down projects across engineered components and assemblies.This is a standalone role and suits someone who is naturally commercial, technically strong, and confident challenging engineering decisions to remove cost through smarter design, specification and manufacturing routes. The business is not looking for a traditional buyer or a pure design engineer. They want someone who can sit in the middle, understand how parts are made, and deliver meaningful cost take-out through engineering challenge and supplier collaboration.If you enjoy engineering, problem-solving and practical commercial impact, this is a role where you can genuinely influence the product long-term.The roleYou will operate as a key link between Engineering and Supply Chain, running cost reduction projects end-to-end and helping the business unlock savings through value engineering and manufacturing improvements.Key responsibilities include:Identifying cost take-out opportunities across engineered components (machining, fabrication, assemblies, metalwork etc.)Challenging engineering designs, tolerances, specifications and manufacturing routes to improve valueSupporting engineering change activity with a cost reduction focusWorking with suppliers to understand capability, manufacturing methods and cost driversRunning supplier RFQs, benchmarking, and supplier discussions to su