Sourcing Manager Manufacturing salary in Iceland

Average Yearly Salary of Sourcing Manager Manufacturing in Iceland is approximately 16,385,187 ISK (115,062 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 Sourcing Manager Manufacturing do?

A sourcing manager in manufacturing is responsible for managing the procurement process of raw materials, components, and equipment necessary for the production of goods. They work closely with suppliers to negotiate contracts, ensure quality standards are met, and maintain cost-effective pricing. Sourcing managers also analyze market trends, identify potential suppliers, and evaluate their capabilities to ensure a reliable and efficient supply chain. They collaborate with cross-functional teams such as production, engineering, and quality assurance to ensure timely delivery and adherence to product specifications. Additionally, they monitor inventory levels, address supply chain issues, and implement strategies to optimize procurement processes and reduce costs.

Skills: Sourcing Manager, Manufacturing, Procurement, Supply Chain Management, Supplier Management, Cost Optimization
Job industry: Manufacturing

How much does Sourcing Manager Manufacturing make?

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


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Salary comparison to National average

Is Sourcing Manager Manufacturing a well paid job?

Yes, our data shows that Sourcing Manager Manufacturing 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 Sourcing Manager Manufacturing?

High salary for Sourcing Manager Manufacturing would be somewhere between 18,023,706 ISK and 23,758,521 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sourcing Manager Manufacturing 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: 16,385,187 ISK
Estimated Monthly Salary: 1,365,432 ISK
Estimated Weekly Salary: 315,100 ISK per week
Estimated Hourly Salary: 7,877 ISK per hour
By working as Sourcing Manager Manufacturing a person can save up to 6,860 USD per month or 82,316 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 Sourcing Manager Manufacturing

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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