Remove 2007 Remove Sourcing Remove supply chain budgeting
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

Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

While Lean focuses on eliminating waste and optimizing processes to achieve seamless workflow, Six Sigma targets reducing variation and improving quality through data-driven analysis and statistical tools. – JIT deliveries cause congestion in the supply chain which leads to delays, pollution, shortage of workers, etc.

professionals

Sign Up for our Newsletter

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

article thumbnail

The Unofficial History of Spreadsheets in Procurement: Are Reports of Their Demise Greatly Exaggerated?

Procurement Insights

That’s an average of 1.266 posts per year since I launched this blog in May 2007. Coinciding with Andrew’s point of view was the release of the Supply & Demand Chain Executive ‘s white paper “ Are Spreadsheets Sabotaging Your Supply Chain? Interesting timing? Kelly Barner.

article thumbnail

ConvergentIS And SAP Ariba: The Start Of The Metaprise (Intake/Orchestration) Shift

Procurement Insights

EDITOR’S NOTE: In 2007, I wrote what is still one of the most popular posts on this blog: “ The Ariba Interviews: Re-engineering the Future ofOn-Demand. Key Products: Ariba Network, Spend Analysis, Strategic Sourcing Suite, and Contract Management. Higher cost, often suited for enterprises with large procurement budgets.