Home > Salary > Iceland > Strategic Sourcing Specialist
A Strategic Sourcing Specialist is responsible for managing the procurement process and developing strategic sourcing strategies to optimize costs, improve supplier relationships, and ensure the availability of quality goods and services. They analyze market trends, evaluate suppliers, negotiate contracts, and monitor supplier performance to achieve cost savings and operational efficiencies. They collaborate with cross-functional teams to understand the organization's needs, identify potential suppliers, and implement sourcing plans. Additionally, they stay updated on industry best practices and technological advancements to enhance the sourcing process.
Estimated Yearly Salary: 13,433,103 ISK
Estimated Monthly Salary: 1,119,425 ISK
Estimated Weekly Salary: 258,329 ISK per week
Estimated Hourly Salary: 6,458 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,081,068 ISK
Estimated Weekly Salary: 249,477 ISK per week
Estimated Hourly Salary: 6,237 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 93,623 USD
Estimated Monthly Salary: 7,802 USD
Estimated Weekly Salary: 1,800 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 13,433,103 ISK
Estimated Monthly Salary: 1,119,425 ISK
Estimated Weekly Salary: 258,329 ISK per week
Estimated Hourly Salary: 6,458 ISK per hour
By working as Strategic Sourcing Specialist a person can save up to 5,073 USD per month or 60,877 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 Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Strategic Sourcing Specialist salary in Iceland
Average Yearly Salary of Strategic Sourcing Specialist in Iceland is approximately 13,433,103 ISK (93,623 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 Specialist do?
A Strategic Sourcing Specialist is responsible for managing the procurement process and developing strategic sourcing strategies to optimize costs, improve supplier relationships, and ensure the availability of quality goods and services. They analyze market trends, evaluate suppliers, negotiate contracts, and monitor supplier performance to achieve cost savings and operational efficiencies. They collaborate with cross-functional teams to understand the organization's needs, identify potential suppliers, and implement sourcing plans. Additionally, they stay updated on industry best practices and technological advancements to enhance the sourcing process.
Skills: Strategic Sourcing, Procurement, Supplier Management, Negotiation, Cost Optimization, Supplier Performance
Job industry: Procurement
Job industry: Procurement
How much does Strategic Sourcing Specialist make?
Salary details
How much does Strategic Sourcing Specialist make?Estimated Yearly Salary: 13,433,103 ISK
Estimated Monthly Salary: 1,119,425 ISK
Estimated Weekly Salary: 258,329 ISK per week
Estimated Hourly Salary: 6,458 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,972,817 ISKEstimated Monthly Salary: 1,081,068 ISK
Estimated Weekly Salary: 249,477 ISK per week
Estimated Hourly Salary: 6,237 ISK per hour
Last revision of data: 2024-01-03Strategic Sourcing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 93,623 USD
Estimated Monthly Salary: 7,802 USD
Estimated Weekly Salary: 1,800 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
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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 Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Strategic Sourcing Specialist in Iceland earns on average:
1.5 times the average salary (or 150% 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 Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Strategic Sourcing Specialist in Iceland earns on average:
1.5 times the average salary (or 150% of average salary).
Is Strategic Sourcing Specialist a well paid job?
Yes, our data shows that Strategic Sourcing Specialist 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 Strategic Sourcing Specialist?
High salary for Strategic Sourcing Specialist would be somewhere between 14,776,413 ISK and 19,477,999 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Specialist 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: 13,433,103 ISK
Estimated Monthly Salary: 1,119,425 ISK
Estimated Weekly Salary: 258,329 ISK per week
Estimated Hourly Salary: 6,458 ISK per hour
By working as Strategic Sourcing Specialist a person can save up to 5,073 USD per month or 60,877 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 Specialist
Norway is 131,911 USD
United Kingdom is 61,962 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:
Control engineer (13,335,201 ISK per year, pre-tax.)
Hair salon and spa manager (4,564,362 ISK per year, pre-tax.)
Senior computer technician (8,506,784 ISK per year, pre-tax.)
Farrier (7,670,740 ISK per year, pre-tax.)
Counter clerk (3,937,930 ISK per year, pre-tax.)
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