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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

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Sustainable Purchasing — The Ultimate Guide

Procurement Tactics

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is. What is Sustainable Purchasing?

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Navigating the Procurement Process Flow: A Comprehensive Guide to Success

World of Procurement blog

Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased. This approval is typically obtained through a purchase requisition process where the procurement need is formally requested and justified.

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Navigating the Procurement Process Flow: A Comprehensive Guide to Success

World of Procurement blog

Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased. This approval is typically obtained through a purchase requisition process where the procurement need is formally requested and justified.