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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. Check out the Procurement KPI Dashboard now!

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What does a 2015 article have to do with Hershey’s 2025 acquisition of LesserEvil for $750

Procurement Insights

Paul Nilsen, Purchasing Manager Willis North America (New York, NY) My Response In Part 4 of my Changing Face of Procurement Conference Series titled Winning Strategies for Vendor Engagement, I briefly discuss an M&A case reference involving organizations within the confection or candy industry.

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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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The Journey of Enterprise Resource Planning (ERP) in Manufacturing

Jaggaer

Origins of ERP ERP is a software system that helps organizations streamline their core business processes. In addition to manufacturing or production, ERP then expanded to include finance, accounting, order management, supply chain management, payroll, and HR. In this article, we discuss most of the leading ERP systems.

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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

Predicting the exact percentage of procurement roles that may be automated or eliminated by 2035 is challenging, as estimates vary and depend on multiple factors, including technological advancements, organizational strategies, and economic conditions. ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65