Materials Analyst

10.638.077 ISK (ISK)/yr

5.114,46 ISK (ISK)/hr

373.397 ISK (ISK)/yr

The average materials analyst gross salary in Iceland is 10.638.077 ISK or an equivalent hourly rate of 5.114 ISK. In addition, they earn an average bonus of 373.397 ISK. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Iceland. An entry level materials analyst (1-3 years of experience) earns an average salary of 7.573.885 ISK. On the other end, a senior level materials analyst (8+ years of experience) earns an average salary of 12.088.127 ISK.

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Salary Potential

13.965.920 ISK (ISK)

31 %

Based on our compensation data, the estimated salary potential for Materials Analyst will increase 31 % over 5 years.

Education

This chart displays the highest level of education for:
Materials Analyst, the majority at 100% with bachelors.

Typical Field of Study: Purchasing, Procurement/Acquisitions and Contracts Management

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Country Overview

Iceland

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

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Iceland is a Nordic island country between the Arctic Ocean and the North Atlantic Ocean, located on the Mid-Atlantic Ridge between Europe and North America. It is culturally and politically linked with Europe and is the region's westernmost and most sparsely populated country. Its capital and largest city is Reykjavík, which is home to about 35% of the country's roughly 395,000 residents (excluding nearby towns/suburbs, which are separate municipalities). The official language of the country is

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Disclaimer
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Job Description
Disseminates materials to ensure a smooth supply chain flow. Confirms that inventory is sufficient to maintain the company's needs. Runs analysis to resolve and prevent material shortages. Provides signals to the supply chain to minimize shortages through communication with suppliers. Develops and implements process improvements.
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