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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. Check out the Procurement KPI Dashboard now!

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Why is an agent-based model within a metaprise framework better for procurement than an equation-based Intake and orchestration model?

Procurement Insights

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. Focused on efficiency, not innovation; maintains status quo.

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When it comes to blockchain, AI, and algorithms for procurement, “there is nothing new under the sun!”

Procurement Insights

In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficiencies originating on the front lines. This is the cornerstone of agent-based modeling. Delivery performance and product quality also improved dramatically.)”

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Who Is The “ONE” Missing From The Deloitte Solution Map?

Procurement Insights

Here is the paragraph: “Back in 2002, Greg Brady , a supply chain visionary, and Ranjit Notani , a pioneer in multi-enterprise collaboration technology, came to the conclusion that the traditional paradigm of business-to-business collaboration built around enterprise-centric software was fundamentally flawed. ” 30

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2 Years Later How Does Amex’s Acquisition of Nipendo Impact Ramp (Who’s Ramp)?

Procurement Insights

Supplier Focus: Ramps supplier management is buyer-centric (e.g., While Ramp retains advantages in UX, cost, and procurement breadth, Amexs scale and Nipendos depth strengthen its enterprise play, making it a more formidable foe in 2025s efficiency-driven landscape. PO syncing, bill pay). This makes Amex a more direct P2P competitor.

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New GEP Paper: Agentic AI Versus Real Agents?

Procurement Insights

1999 Revisited (Video) – Real Agents Leveraging AI GEP Autonomous Agentic AI Agents (High-Level Summary) GEP is set to revolutionize procurement and supply chain operations by introducing autonomous AI agents into the Source-to-Contract (S2C) and Procure-to-Pay (P2P) processes.

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Logistics IT Solutions’ Role in Near-Record Levels of Trucking Company Acquisitions

Supply Chain Collaborator

The short version is that 2014 came darn close (with 86 trucking and logistics companies acquired) to beating the record of 90 acquisitions set in 2007. To a lesser degree, there have been financial acquisitions too wherein investment companies seek to capitalize on the high demand and low supply of drivers.