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What is PPV (Purchase Price Variance)? It is the difference between the budgeted or standard price of an item and the actual amount paid to acquire that item. Think of it as a financial reflection of how a company’s。

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。

In the context of procurement and supply chain management, PPV stands for Purchase Price Variance. It represents the difference between the standard cost of an item and its actual purchappv meaning supply chainse cost, reflecting discrepancies due to market。

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