Inventory Director salary in Iceland

Average Yearly Salary of Inventory Director in Iceland is approximately 11,780,180 ISK (82,564 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 Inventory Director do?

The occupation of an Inventory Director involves overseeing and managing all aspects of inventory control within a company. This role requires a strong understanding of supply chain management, forecasting, and demand planning. The Inventory Director is responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and ensure efficient operations. They collaborate with various departments, such as purchasing, sales, and logistics, to ensure accurate inventory forecasts and timely replenishment. Additionally, the Inventory Director analyzes data and trends to identify areas for improvement and implements best practices to streamline processes. They also lead a team of inventory analysts and coordinators, providing guidance and support to ensure inventory accuracy and integrity.

Skills: Inventory management, Supply chain, Demand planning, Forecasting, Cost optimization, Team leadership
Job industry: Logistics and supply chain management

How much does Inventory Director make?

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


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Salary comparison to National average

Is Inventory Director a well paid job?

Yes, our data shows that Inventory Director 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 Inventory Director?

High salary for Inventory Director would be somewhere between 12,958,198 ISK and 17,081,261 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Director 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: 11,780,180 ISK
Estimated Monthly Salary: 981,682 ISK
Estimated Weekly Salary: 226,542 ISK per week
Estimated Hourly Salary: 5,664 ISK per hour
By working as Inventory Director a person can save up to 4,152 USD per month or 49,818 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 Inventory Director

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

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