Home > Salary > Iceland > Strategic Sourcing Manager
A Strategic Sourcing Manager is responsible for developing and implementing sourcing strategies to optimize costs, improve supplier performance, and mitigate risks. They identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships. They work closely with cross-functional teams to understand business requirements and develop sourcing plans accordingly. This role requires strong analytical skills to analyze market trends, assess supplier capabilities, and identify cost-saving opportunities. Additionally, strategic sourcing managers must possess excellent communication and negotiation skills to establish and maintain effective relationships with suppliers.
Estimated Yearly Salary: 18,131,098 ISK
Estimated Monthly Salary: 1,510,925 ISK
Estimated Weekly Salary: 348,675 ISK per week
Estimated Hourly Salary: 8,717 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,462,104 ISK
Estimated Weekly Salary: 337,409 ISK per week
Estimated Hourly Salary: 8,435 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 127,372 USD
Estimated Monthly Salary: 10,614 USD
Estimated Weekly Salary: 2,449 USD per week
Estimated Hourly Salary: 61 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: 18,131,098 ISK
Estimated Monthly Salary: 1,510,925 ISK
Estimated Weekly Salary: 348,675 ISK per week
Estimated Hourly Salary: 8,717 ISK per hour
By working as Strategic Sourcing Manager a person can save up to 7,886 USD per month or 94,626 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 Strategic Sourcing Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Administrative law judge adjudicator or hearing officer (12,350,751 ISK per year, pre-tax.)
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Strategic Sourcing Manager salary in Iceland
Average Yearly Salary of Strategic Sourcing Manager in Iceland is approximately 18,131,098 ISK (127,372 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 Strategic Sourcing Manager do?
A Strategic Sourcing Manager is responsible for developing and implementing sourcing strategies to optimize costs, improve supplier performance, and mitigate risks. They identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships. They work closely with cross-functional teams to understand business requirements and develop sourcing plans accordingly. This role requires strong analytical skills to analyze market trends, assess supplier capabilities, and identify cost-saving opportunities. Additionally, strategic sourcing managers must possess excellent communication and negotiation skills to establish and maintain effective relationships with suppliers.
Skills: strategic sourcing, procurement, supply chain management, supplier management, cost optimization, risk mitigation
Job industry: Procurement
Job industry: Procurement
How much does Strategic Sourcing Manager make?
Salary details
How much does Strategic Sourcing Manager make?Estimated Yearly Salary: 18,131,098 ISK
Estimated Monthly Salary: 1,510,925 ISK
Estimated Weekly Salary: 348,675 ISK per week
Estimated Hourly Salary: 8,717 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 17,545,242 ISKEstimated Monthly Salary: 1,462,104 ISK
Estimated Weekly Salary: 337,409 ISK per week
Estimated Hourly Salary: 8,435 ISK per hour
Last revision of data: 2024-01-02Strategic Sourcing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 127,372 USD
Estimated Monthly Salary: 10,614 USD
Estimated Weekly Salary: 2,449 USD per week
Estimated Hourly Salary: 61 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
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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 Strategic Sourcing Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Strategic Sourcing Manager in Iceland earns on average:
2.03 times the average salary (or 203% 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 Strategic Sourcing Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Strategic Sourcing Manager in Iceland earns on average:
2.03 times the average salary (or 203% of average salary).
Is Strategic Sourcing Manager a well paid job?
Yes, our data show that Strategic Sourcing Manager 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 Strategic Sourcing Manager?
High salary for Strategic Sourcing Manager would be somewhere between 19,944,208 ISK and 26,290,092 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Manager 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: 18,131,098 ISK
Estimated Monthly Salary: 1,510,925 ISK
Estimated Weekly Salary: 348,675 ISK per week
Estimated Hourly Salary: 8,717 ISK per hour
By working as Strategic Sourcing Manager a person can save up to 7,886 USD per month or 94,626 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 Strategic Sourcing Manager
Norway is 177,202 USD
United Kingdom is 83,229 USD
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:
Packaging coordinator (8,860,310 ISK per year, pre-tax.)
Small business owner (11,815,536 ISK per year, pre-tax.)
Gem worker (6,959,110 ISK per year, pre-tax.)
Administrative law judge adjudicator or hearing officer (12,350,751 ISK per year, pre-tax.)
Office helper (3,976,760 ISK per year, pre-tax.)
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