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Most finance teams look to the purchase price variance (PPV) metric for answers. It’s a simple metric, but it can have broad implications for your procurement team and its。

A positive PPV means that the actual price that the company paid is higher than their anticipated price A negative PPV, on the other hand, means that the actual cost is lower than the budgeted one. Negative variance means。

Purchase Price Variance (PPV) is a key performance indicator (KPI) that procurement specialists and finance professionals use to monitor cost efficiency in purchasing activities. It measures。

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