Home > Salary > Iceland > Purchasing Inventory Coordinator
The occupation of a Purchasing Inventory Coordinator involves managing and coordinating the procurement of inventory for a company or organization. This role requires working closely with suppliers, vendors, and internal teams to ensure that the right products are purchased at the right time and in the right quantities. The Purchasing Inventory Coordinator is responsible for maintaining accurate inventory records, monitoring stock levels, and forecasting future inventory needs. They also negotiate pricing and terms with suppliers, track orders, and resolve any issues or discrepancies that may arise. This position requires strong organizational skills, attention to detail, and the ability to work well under pressure.
Estimated Yearly Salary: 7,241,158 ISK
Estimated Monthly Salary: 603,430 ISK
Estimated Weekly Salary: 139,253 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 50,764 USD
Estimated Monthly Salary: 4,230 USD
Estimated Weekly Salary: 976 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 7,241,158 ISK
Estimated Monthly Salary: 603,430 ISK
Estimated Weekly Salary: 139,253 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
By working as Purchasing Inventory Coordinator a person can save up to 1,502 USD per month or 18,018 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.
Estimated Yearly Salary for Purchasing Inventory Coordinator
United Kingdom is 33,502 USD
34%
Details on Purchasing Inventory Coordinator salary in United Kingdom Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Occupational safety consultant (12,760,176 ISK per year, pre-tax.)
Licensed clinical professional counselor (7,038,167 ISK per year, pre-tax.)
Personnel analyst (7,433,569 ISK per year, pre-tax.)
Revenue accountant (9,489,633 ISK per year, pre-tax.)
Pianist (10,113,306 ISK per year, pre-tax.)
Purchasing Inventory Coordinator salary in Iceland
Average Yearly Salary of Purchasing Inventory Coordinator in Iceland is approximately 7,241,158 ISK (50,764 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 Purchasing Inventory Coordinator do?
The occupation of a Purchasing Inventory Coordinator involves managing and coordinating the procurement of inventory for a company or organization. This role requires working closely with suppliers, vendors, and internal teams to ensure that the right products are purchased at the right time and in the right quantities. The Purchasing Inventory Coordinator is responsible for maintaining accurate inventory records, monitoring stock levels, and forecasting future inventory needs. They also negotiate pricing and terms with suppliers, track orders, and resolve any issues or discrepancies that may arise. This position requires strong organizational skills, attention to detail, and the ability to work well under pressure.
Skills: Purchasing, Inventory Coordinator, Procurement, Supply Chain, Vendor Management, Stock Control
Job industry: Retail
Job industry: Retail
How much does Purchasing Inventory Coordinator make?
Salary details
How much does Purchasing Inventory Coordinator make?Estimated Yearly Salary: 7,241,158 ISK
Estimated Monthly Salary: 603,430 ISK
Estimated Weekly Salary: 139,253 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,018,011 ISKEstimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-06Purchasing Inventory Coordinator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,764 USD
Estimated Monthly Salary: 4,230 USD
Estimated Weekly Salary: 976 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Purchasing Inventory Coordinator job salary compared to average salary in Iceland.
Comparison shows that a person working as Purchasing Inventory Coordinator in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Purchasing Inventory Coordinator job salary compared to average salary in Iceland.
Comparison shows that a person working as Purchasing Inventory Coordinator in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Is Purchasing Inventory Coordinator a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Purchasing Inventory Coordinator?
High salary for Purchasing Inventory Coordinator would be somewhere between 7,965,274 ISK and 10,499,679 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Purchasing Inventory Coordinator 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: 7,241,158 ISK
Estimated Monthly Salary: 603,430 ISK
Estimated Weekly Salary: 139,253 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
By working as Purchasing Inventory Coordinator a person can save up to 1,502 USD per month or 18,018 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 Purchasing Inventory Coordinator
Norway is 71,346 USDUnited Kingdom is 33,502 USD 34%Details on Purchasing Inventory Coordinator salary in United Kingdom
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Occupational safety consultant (12,760,176 ISK per year, pre-tax.)
Licensed clinical professional counselor (7,038,167 ISK per year, pre-tax.)
Personnel analyst (7,433,569 ISK per year, pre-tax.)
Revenue accountant (9,489,633 ISK per year, pre-tax.)
Pianist (10,113,306 ISK per year, pre-tax.)
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