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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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Reviewing the Hottest Cryptocurrencies!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The concept of cryptocurrencies was introduced in 2002 at the very first glance, and in 2007, Nick Szabo conceptualized cryptographic cash named bit gold. In the year 2009, Satoshi Nakamoto released the foremost software of bitcoin. appeared first on Supply Chain Game Changerâ„¢.

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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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S&OP, a vision for the future. The expert interview series #7

Supply Chain Trend

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supply chain career, I thought this should not be too bad to do.

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Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

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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.

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Economic uncertainty ahead: 7 things you can do to prepare for a recession

Procurify

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. As well as securing incoming cash, you need to restructure pricing. So, what can you do to prepare for a recession?