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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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1998 to 2007 to 2024 DND, Virginia and Colgate-Palmolive’s Timeless Formula For Digital Procurement Success

Procurement Insights

Check out the three case references below to learn about the common thread of success over the past quarter century: 1998 – Department of National Defence – Are you chasing solutions or solving problems? Part 1 of 3) 2007 – Commonwealth of Virginia’s eVA – Yes Virginia!

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Is Cisco Really Driving 21st Century Supply Chain Innovation? (Revisiting the 2007 Cisco Post in 2023)

Procurement Insights

EDITOR’S NOTE: This post was originally published in the Procurement Insights blog on December 3rd, 2007 – almost 16 years ago. Recognizing “the challenging piece” is linked” to understanding “the kind of interaction you want to resolve with customers and supply chain partners.”

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Melissa Drew on Fast Talk, AI, and Closing the Gender Gap in Supply Chain

Let's Talk Supply Chain

With a decade hallmarked so far by constant disruption, consumers are more aware of supply chain and how industry shortages , the gender gap in supply chain, and climate events impact their daily lives and local communities. A term that once only resonated with industry insiders is everywhere.

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Are absolute statements like this reckless or responsible?

Procurement Insights

Instead, these technologies could redefine roles, emphasizing strategic decision-making and relationship management over routine tasks. ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65 Scottish Water 9bn procurement process could create 4,000 jobs – thetimes.co.uk

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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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Does technology by itself remove functional silos? Unraveling the o9 Solutions’ Barilla Press Release mystery

Procurement Insights

For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software! It is when technology (software) is seen as the primary vehicle to drive results that it becomes ineffectual and mostly irrelevant.