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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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Are absolute statements like this reckless or responsible?

Procurement Insights

2007 – Dangerous Supply Chain Myths Revisited (Part 7): Enabling Technology The Emergence of theMetaprise Discussion Excerpt: “In August 2003, the new technology successfully went live in a production environment for the DND. ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65

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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.

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Danone’s COO Mike Sloboda’s “3 Tips For Supply Success” Nails It!

Procurement Insights

FIRST, SOME BACKGROUND INFORMATION In August 2007, I wrote an article titled “Procurement’s Expanding Role and the Executive of the Future.” As a result, there will be a continuing need for “low-level” buyers. 2007 – Commonwealth of Virginia ’s eVA – Yes, Virginia!

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When It Comes To AI in 2023, We’re Going To Party Like It’s 1998

Procurement Insights

As an introduction or lead-in to that old post, I want to share the following excerpt from an article written in June 2023 responding to the question – What is AI in supply chain in 2023? Also, AI can locate potential risks in the supply chain, such as disruptions due to weather events or geopolitical factors.”

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Seasoned Leadership in Action™ – An Interview with Stephany Lapierre, CEO at tealbook!

Supply Chain Game Changer

Imagining the Supply Chain of the Future! At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at Supply Chain Game Changer.

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Selecting the right service provider partner for each one of the three steps or stages of procurement digital transformation success

Procurement Insights

As you read this post originally published in May 2007 about “enabling technology and the emergence of the metaprise,” can the three-stage implementation framework be as successful today as it was back then? The Dangerous Supply Chain Myths series was based on my review of the ISM, CAPS and A.T.