Commodities Sourcing Manager salary in Iceland

Average Yearly Salary of Commodities Sourcing Manager in Iceland is approximately 15,696,135 ISK (110,099 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Commodities Sourcing Manager do?

A commodities sourcing manager is responsible for managing the procurement and sourcing of various commodities for a company. They are in charge of identifying suppliers, negotiating contracts, and ensuring the timely delivery of goods to meet the organization's needs. This role requires extensive market research and analysis to identify cost-effective sources and ensure quality standards are met. The commodities sourcing manager also monitors market trends, evaluates supplier performance, and develops strategies to mitigate risks and optimize supply chain efficiency. Effective communication and collaboration with internal stakeholders such as production, logistics, and finance teams are essential to ensure smooth operations. Overall, the commodities sourcing manager plays a crucial role in maintaining a reliable and cost-effective supply chain for the organization.

Skills: commodities sourcing, procurement management, supplier negotiation, supply chain optimization, market analysis, risk management.
Job industry: Supply chain

How much does Commodities Sourcing Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Commodities Sourcing Manager a well paid job?

Yes, our data shows that Commodities Sourcing Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Commodities Sourcing Manager?

High salary for Commodities Sourcing Manager would be somewhere between 17,265,749 ISK and 22,759,396 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commodities Sourcing Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 15,696,135 ISK
Estimated Monthly Salary: 1,308,011 ISK
Estimated Weekly Salary: 301,849 ISK per week
Estimated Hourly Salary: 7,546 ISK per hour
By working as Commodities Sourcing Manager a person can save up to 6,446 USD per month or 77,353 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Commodities Sourcing Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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