Home > Salary > Latvia > Inventory Management Director
The occupation of an Inventory Management Director involves overseeing and managing the inventory control processes within an organization. They are responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and maximize efficiency. The director collaborates with various departments, such as purchasing, sales, and logistics, to ensure accurate forecasting and planning of inventory needs. They monitor inventory levels, track product movement, and analyze data to identify trends and make informed decisions. Additionally, the Inventory Management Director is responsible for implementing inventory control systems, training staff on best practices, and ensuring compliance with company policies and industry regulations.
Estimated Yearly Salary: 60,833 EUR
Estimated Monthly Salary: 5,069 EUR
Estimated Weekly Salary: 1,170 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,902 EUR
Estimated Weekly Salary: 1,131 EUR per week
Estimated Hourly Salary: 28 EUR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 60,707 USD
Estimated Monthly Salary: 5,059 USD
Estimated Weekly Salary: 1,167 USD per week
Estimated Hourly Salary: 29 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: 60,833 EUR
Estimated Monthly Salary: 5,069 EUR
Estimated Weekly Salary: 1,170 EUR per week
Estimated Hourly Salary: 29 EUR per hour
By working as Inventory Management Director a person can save up to 4,199 USD per month or 50,387 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 Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Inventory Management Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Inventory Management Director salary in Latvia
Average Yearly Salary of Inventory Management Director in Latvia is approximately 60,833 EUR (60,707 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 Inventory Management Director do?
The occupation of an Inventory Management Director involves overseeing and managing the inventory control processes within an organization. They are responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and maximize efficiency. The director collaborates with various departments, such as purchasing, sales, and logistics, to ensure accurate forecasting and planning of inventory needs. They monitor inventory levels, track product movement, and analyze data to identify trends and make informed decisions. Additionally, the Inventory Management Director is responsible for implementing inventory control systems, training staff on best practices, and ensuring compliance with company policies and industry regulations.
Skills: Inventory Management, Supply Chain Management, Logistics, Forecasting, Cost Optimization, Inventory Control
Job industry: Supply chain management
Job industry: Supply chain management
How much does Inventory Management Director make?
Salary details
How much does Inventory Management Director make?Estimated Yearly Salary: 60,833 EUR
Estimated Monthly Salary: 5,069 EUR
Estimated Weekly Salary: 1,170 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 58,822 EUREstimated Monthly Salary: 4,902 EUR
Estimated Weekly Salary: 1,131 EUR per week
Estimated Hourly Salary: 28 EUR per hour
Last revision of data: 2024-01-06Inventory Management Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 60,707 USD
Estimated Monthly Salary: 5,059 USD
Estimated Weekly Salary: 1,167 USD per week
Estimated Hourly Salary: 29 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
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Inventory Management Director job salary compared to average salary in Latvia.
Comparison shows that a person working as Inventory Management Director in Latvia earns on average:
3.11 times the average salary (or 311% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Inventory Management Director job salary compared to average salary in Latvia.
Comparison shows that a person working as Inventory Management Director in Latvia earns on average:
3.11 times the average salary (or 311% of average salary).
Is Inventory Management Director a well paid job?
Yes, our data show that Inventory Management Director 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 Inventory Management Director?
High salary for Inventory Management Director would be somewhere between 66,916 EUR and 88,208 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Inventory Management Director in Latvia?
Living in Latvia the approximate monthly expenses are: 860 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: 60,833 EUR
Estimated Monthly Salary: 5,069 EUR
Estimated Weekly Salary: 1,170 EUR per week
Estimated Hourly Salary: 29 EUR per hour
By working as Inventory Management Director a person can save up to 4,199 USD per month or 50,387 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 Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Inventory Management Director
Estonia is 78,152 USD
Russia is 36,282 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 Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Hr administrative coordinator (15,040 EUR per year, pre-tax.)
Computer numerically controlled (cnc), operator (10,027 EUR per year, pre-tax.)
Vice president (vp), operations and marketing (45,782 EUR per year, pre-tax.)
Newscaster (24,065 EUR per year, pre-tax.)
Senior benefits analyst (25,239 EUR per year, pre-tax.)
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