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Purchasing and Inventory Average Salaries in Finland 2024

How much money does a person working in Purchasing and Inventory make in Finland?


Average Monthly Salary
4,660 EUR
( 55,900 EUR yearly)

LOW
1,680
EUR
AVERAGE
4,660
EUR
HIGH
8,720
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Purchasing and Inventory in Finland typically earns around 4,660 EUR. Salaries range from 1,680 EUR (lowest average) to 8,720 EUR (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Purchasing and Inventory domain in Finland exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Purchasing and Inventory
Asset Management Associate3,890 EUR
Asset Protection Associate3,830 EUR
Asset Protection Specialist4,360 EUR
Assistant Buyer3,540 EUR
Buyer6,050 EUR
Capacity Planner4,250 EUR
Category Leader4,250 EUR
Category Management Specialist4,250 EUR
Category Manager4,760 EUR
Channel Services Representative4,310 EUR
Contracts Manager4,890 EUR
Contracts Specialist4,220 EUR
Demand Planner4,430 EUR
Demand Planning Manager5,450 EUR
Digital Procurement Manager4,840 EUR
Distribution Assistant3,460 EUR
Distribution Associate3,780 EUR
Distribution Manager7,880 EUR
E-Commerce Buyer4,340 EUR
E-procurement Specialist4,990 EUR
Freight and Customs Compliance Manager5,090 EUR
Green Procurement Specialist4,180 EUR
Inventory Analyst3,900 EUR
Inventory Analytics Manager3,830 EUR
Inventory Control Clerk2,100 EUR
Inventory Control Manager5,190 EUR
Inventory Management Associate4,410 EUR
Inventory Optimization Manager5,050 EUR
Inventory Specialist4,130 EUR
Logistics Automation Engineer4,390 EUR
Logistics Engineer3,810 EUR
Master Planner4,010 EUR
Material Handler2,350 EUR
Material Planning Specialist3,560 EUR
Merchandise Manager4,680 EUR
Procurement Administrator5,050 EUR
Procurement Agent3,020 EUR
Procurement Analyst5,370 EUR
Procurement Assistant3,090 EUR
Procurement Associate4,410 EUR
Procurement Clerk1,960 EUR
Procurement Engineer3,810 EUR
Procurement Manager8,430 EUR
Procurement Officer1,950 EUR
Procurement Process Analyst4,660 EUR
Procurement Risk Manager4,850 EUR
Procurement Specialist3,880 EUR
Procurement Technology Consultant4,790 EUR
Production Planner4,590 EUR
Project Buyer4,950 EUR
Purchaser6,320 EUR
Purchasing Agent3,400 EUR
Purchasing Assistant2,180 EUR
Purchasing Manager8,380 EUR
Purchasing Officer3,870 EUR
Purchasing Supervisor5,410 EUR
Shipping and Receiving Clerk2,010 EUR
Shipping Coordinator3,840 EUR
Stock Clerk2,050 EUR
Stock Regulator2,470 EUR
Storage Manager5,260 EUR
Store Keeper2,130 EUR
Stores and Logistics Coordinator4,090 EUR
Strategic Sourcing Analyst5,660 EUR
Supplier Diversity Program Manager5,510 EUR
Supplier Relationship Manager5,710 EUR
Supply Chain Analyst5,730 EUR
Supply Chain Coordinator4,520 EUR
Supply Chain Development Manager7,820 EUR
Supply Chain Director8,660 EUR
Supply Chain Manager8,320 EUR
Supply Planner3,790 EUR
Sustainability Procurement Specialist5,200 EUR
Sustainable Sourcing Specialist4,240 EUR
Sustainable Supply Chain Manager6,130 EUR
Third Party Logistics Manager6,360 EUR
Vendor Management Specialist5,800 EUR
Warehouse Assistant1,570 EUR
Warehouse Automation Engineer4,260 EUR
Warehouse Clerk1,780 EUR
Warehouse Executive7,020 EUR
Warehouse Lead4,850 EUR
Warehouse Manager7,460 EUR
Warehouse Supervisor4,840 EUR
Wholesale Buyer6,100 EUR


Purchasing and Inventory Jobs Pay Scale and Salaries in Finland

Median and salary distribution Finland Purchasing and Inventory monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,670 EUR or more
10% of people earn
3,940 to 4,670 EUR
20% of people earn
2,330 EUR or less
65% of people earn
2,330 to 3,940 EUR
Minimum Salary
1,680 EUR
Median
4,380 EUR
Maximum
8,720 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Purchasing and Inventory in Finland range from 1,680 EUR (starting average salary) to 8,720 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Purchasing and Inventory is 4,380 EUR, implying that half of the workforce in Finland earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Purchasing and Inventory in Finland earn less than 3,360 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 5,270 EUR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Purchasing and Inventory in Finland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,330 EUR to 3,940 EUR. Approximately 20% of salaries were below the 2,330 EUR mark, while 10% ranged from 3,940 EUR to 4,670 EUR. Only 5% of individuals earned a gross salary of 4,670 EUR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Purchasing and Inventory in Finland having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Purchasing and Inventory in Finland, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Finland costs anywhere from 23,500 EUR to 70,600 EUR and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Purchasing and Inventory / Finland

Salary comparison by gender Finland Purchasing and Inventory monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Purchasing and Inventory in Finland, the average difference between the salary of male and female employees is 4%.

Male
4,760 EUR
Female-4%
4,560 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

Salary comparison by gender monthly Finland
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Average Annual Salary Increment Percentage / Purchasing and Inventory / Finland

How much are annual salary increments in Finland for individuals working in Purchasing and Inventory? How often do employees get salary raises?

Professionals working in Purchasing and Inventory in Finland are likely to observe a salary increase of approximately 8% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Finland Purchasing and Inventory
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Finland / All Professions

Annual Salary Increment Rate Finland
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Finland is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Purchasing and Inventory / Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Purchasing and Inventory
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42% of surveyed staff in Purchasing and Inventory reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
58%
No Bonus
42%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Purchasing and Inventory / Finland


27 EUR per hour

The average hourly wage (pay per hour) in Purchasing and Inventory in Finland is 27 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Purchasing and Inventory in Finland is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Helsinki4,980 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Finland is 5% on average across all career fields.

Private Sector
4,590 EUR
Public Sector+5%
4,810 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Purchasing and Inventory in Finland?

A good and competitive compensation would range anywhere between 4,380 EUR and 5,270 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Purchasing and Inventory in Finland ranges from 1,680 EUR to 3,360 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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