Director Strategic Sourcing salary in Iceland

Average Yearly Salary of Director Strategic Sourcing in Iceland is approximately 27,751,351 ISK (194,016 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 Director Strategic Sourcing do?

The occupation of a Director of Strategic Sourcing involves overseeing and managing the procurement process for an organization. This includes developing and implementing strategies to source goods and services from suppliers, negotiating contracts, and ensuring cost-effectiveness and quality control. The Director of Strategic Sourcing is responsible for identifying potential suppliers, conducting market research, and evaluating supplier performance. They collaborate with various departments within the organization to understand their sourcing needs and align them with the overall business strategy. Additionally, the Director of Strategic Sourcing stays updated on industry trends and best practices to optimize the sourcing process and drive efficiency.

Skills: Director, Strategic Sourcing, Procurement, Supplier Management, Contract Negotiation, Cost Optimization, Quality Control
Job industry: Supply chain management

How much does Director Strategic Sourcing make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Director Strategic Sourcing a well paid job?

Yes, our data show that Director Strategic Sourcing is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Strategic Sourcing?

High salary for Director Strategic Sourcing would be somewhere between 30,526,486 ISK and 40,239,459 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Strategic Sourcing 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: 27,751,351 ISK
Estimated Monthly Salary: 2,312,613 ISK
Estimated Weekly Salary: 533,680 ISK per week
Estimated Hourly Salary: 13,342 ISK per hour
By working as Director Strategic Sourcing a person can save up to 13,439 USD per month or 161,270 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 Director Strategic Sourcing

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.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Sewing machine repairer (3,509,077 ISK per year, pre-tax.)
Outpatient coordinator (5,219,275 ISK per year, pre-tax.)
Genomics technician (10,101,806 ISK per year, pre-tax.)
Graduate surveyor (8,081,359 ISK per year, pre-tax.)
Returns leader (4,922,380 ISK per year, pre-tax.)

Feedback about these results