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Purchase Price Variance (PPV) can be tracked monthly, quarterly, biannually, or annually for a specific item or the overall spending over a given period. The metric results in either a favorable or unfavorable variance, influenced by internal or external factors. It helps determine the accuracy of supplier pricing.
Talk to your co-workers and senior executives about sustainable purchasing and how it can benefit the company. You can try to form a committee or cross-functional working group that meets regularly to talk and influence them on sustainability purchasing initiatives. Negotiate sustainability with your suppliers.
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