Inventory Management Director salary in Iceland

Average Yearly Salary of Inventory Management Director in Iceland is approximately 27,634,513 ISK (192,776 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 Management Director do?

The occupation of an Inventory Management Director involves overseeing and managing the inventory control processes within an organization. They are responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and maximize efficiency. The director collaborates with various departments, such as purchasing, sales, and logistics, to ensure accurate forecasting and planning of inventory needs. They monitor inventory levels, track product movement, and analyze data to identify trends and make informed decisions. Additionally, the Inventory Management Director is responsible for implementing inventory control systems, training staff on best practices, and ensuring compliance with company policies and industry regulations.

Skills: Inventory Management, Supply Chain Management, Logistics, Forecasting, Cost Optimization, Inventory Control
Job industry: Supply chain management

How much does Inventory Management 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 Management Director a well paid job?

Yes, our data show that Inventory Management Director 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 Inventory Management Director?

High salary for Inventory Management Director would be somewhere between 30,397,964 ISK and 40,070,044 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Management 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: 27,634,513 ISK
Estimated Monthly Salary: 2,302,876 ISK
Estimated Weekly Salary: 531,433 ISK per week
Estimated Hourly Salary: 13,286 ISK per hour
By working as Inventory Management Director a person can save up to 13,336 USD per month or 160,030 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 Management 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.

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Data as of 2025

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