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PPV can be either favorable or unfavorable and may be tracked for specific time periods (monthlppv inventory meaningy, quarterly, yearly). It is often reported in terms of total procurement spend. Purchase price variance is an important metric for。

Purchase price variance is a financial metric used in procurement and supply chain management to assess the difference between the expected (alsppv inventory meaningo known as standard or baseline) cost of an item and its actual purchase cost. PPV measures the gap between what the company planned to pay for a product or。 See more

Purchase price variance (PPV) measures the difference between the actual price paid for goods/services and the standard price. Favorable PPV indicates cost savings through effective sourcing and negotiations, while。

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