Remove 2007 Remove Sourcing Remove supply chain software solutions
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. Check out the Procurement KPI Dashboard now!

Price 69
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. Recognizing “the challenging piece” is linked” to understanding “the kind of interaction you want to resolve with customers and supply chain partners.”

professionals

Sign Up for our Newsletter

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

article thumbnail

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.” 2007 – Commonwealth of Virginia ’s eVA – Yes, Virginia! There is more to e-procurement than software!

article thumbnail

Top Mobile Banking Trends to Watch!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Financial institutions form adaptive banking software solutions to ensure an economy in the post-world. And an important source of new product ideas for global companies that strive to offer the best customer experience. appeared first on Supply Chain Game Changer™.

article thumbnail

What “technology musicians” are in your procurement automation orchestra pit?

Procurement Insights

Before that, there needs to be a clear sourcing policy with a well-defined and understood E2E process with roles and responsibilities between procurement and relevant key stakeholders. Orchestration will not magic away suboptimal things. Plus, I wonder if it is the latest bandwagon.

article thumbnail

50 Online Resources for Aspiring Supply Chain Scholars

Supply Chain Opz

Supply chain management is not an easy subject. Background Supply chain management is a relatively new discipline. Access public data from Data.gov Supply chain management is part of complex economic activities. You may feel that not all necessary information is available at your finger tips.

article thumbnail

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.”

Buyers 75