Purchase price variance (PPV) is a measure of the diffppv meaning supply chainerence between the actual cost paid for a product or raw material and the standard cost that was expected to be paid. It is a common concept in cost accounting and is used to evaluate the。
Purchase Price Variance (PPV) is the financial discrepancy between the actual price paid for an item and its predetermined standard pricppv meaning supply chaine, multiplied by the quantity purchased. This variance is key in procurement,。
In the context of procurement and supply chain management, PPV stands for Purchase Price Variance. It represents the difference between the sppv meaning supply chaintandard cost of an item and its actual purchase cost, reflecting discrepancies due to market。
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