article thumbnail

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.

Price 69
article thumbnail

Digital success – What makes procurement’s challenge so different?

Spend Matters

For example, many reports show that the adoption of e-sourcing by best-in-class companies has stagnated at 60% – 70% since 2007. Time and resources can also be a stopping point. By doing this they are actually missing out on the real value and transformative impact of some of the latest technologies.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. The reference to “ Visibility” with a single source of truth ” – How often do we hear that phrase used in 2023 suggests that we still haven’t achieved it yet.

article thumbnail

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

Procurement Insights

” By the time Greg Brady and Ranjit Notani began their journey, I had already sold my company and was moving on to my next challenge. Businesses must take an outside-in network view and together serve the end consumer.” Businesses must take an outside-in-network view and together serve the end consumer. ” 30

article thumbnail

Top 10 US Dropshipping Suppliers – Pricing & Reviews

Procurement Tactics

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. Since its founding in 2007, the company saw 20%-25% growth in its yearly sales.

Price 195
article thumbnail

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

Let's Talk Supply Chain

Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. The premise for the company was working with local companies across Alabama, Georgia, and Northern Florida developing tools to provide more visibility into their suppliers across their supply chain.

article thumbnail

Inexpensive O-rings Prevent An EV Manufacturer From Delivering Dozens of $250K Vehicles – WHY?

Procurement Insights

What is the difference between the following excerpts from the 2009 article and the 2023 LinkedIn post comment : 2009 ARTICLE “Here’s another real-world example of how a little break in a supply line can have a big impact. Blame it on kanban, the just-in-time philosophy of keeping as little inventory on hand as possible.”