SCMDOJO

MARCH 24, 2025

The formulae for the PPV is: PPV= (Standard Price – Actual Price) *actual quantity Lets understand this with some examples: Example # 1: A FMCG company plans to purchase 20,000 units of packaging material at an estimated cost of $6 per unit, setting a total budget of $120,000. What Causes Favorable Purchase Price Variance (PPV)?

Price 60

Price Purchasing supply chain budgeting Raw materials 60

Procurement Tactics

SEPTEMBER 15, 2022

Want to take your negotiation results to the next level? The Importance of Sustainability in Purchasing. Negotiate sustainability with your suppliers. Try to start talking about sustainability in purchasing with your suppliers. Set your goals . Negotiation Gamechanger Certificate Program. ENROLL NOW.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52