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How to Manage Purchase Price Variance (PPV) Aligning Procurement and Finance Goals: A company’s financial objectives should always align with every department’s decision.
Set your goals . Clear sustainable purchasinggoals accompanied by measurable targets are helpful to determine your goals. . Once you have goals in place, you must ensure to have a regular schedule to track your performance and make improvements where you fall short of your expectations.
By understanding and implementing each phase of the procurement lifecycle, businesses can ensure they acquire the best possible goods and services, foster strong supplier relationships, and achieve their strategic purchasinggoals.
By understanding and implementing each phase of the procurement lifecycle, businesses can ensure they acquire the best possible goods and services, foster strong supplier relationships, and achieve their strategic purchasinggoals.
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