Raw Material Planner salary in Iceland

Average Yearly Salary of Raw Material Planner in Iceland is approximately 10,875,568 ISK (76,482 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 Raw Material Planner do?

A raw material planner is responsible for overseeing and managing the procurement, inventory, and availability of raw materials required for production. They analyze production forecasts, sales data, and inventory levels to determine the quantity and timing of raw material orders. Raw material planners collaborate with suppliers to negotiate pricing, ensure timely delivery, and resolve any issues related to quality or quantity. They also work closely with production teams to coordinate the arrival of raw materials to meet production schedules and minimize disruptions. Additionally, raw material planners monitor inventory levels, identify potential shortages or excesses, and implement strategies to optimize inventory management.

Skills: raw material planning, procurement, inventory management, supply chain, production scheduling, supplier collaboration
Job industry: Manufacturing

How much does Raw Material Planner make?

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


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Salary comparison to National average

Is Raw Material Planner a well paid job?

Yes, our data shows that Raw Material Planner 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 Raw Material Planner?

High salary for Raw Material Planner would be somewhere between 11,963,125 ISK and 15,769,574 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Raw Material Planner 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: 10,875,568 ISK
Estimated Monthly Salary: 906,297 ISK
Estimated Weekly Salary: 209,146 ISK per week
Estimated Hourly Salary: 5,229 ISK per hour
By working as Raw Material Planner a person can save up to 3,645 USD per month or 43,736 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 Raw Material Planner

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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