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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. per unit, reducing the actual cost to $90,000.

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History and Evolution of Supply Chain and Logistics

SCMDOJO

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

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The Future of xP&A and Supply Chain Planning – Part 1

Supply Chain Trend

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. Although there might be a renewed interest, a formalised integration between supply chain planning and finance is not a new idea.

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

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6 Tips to Maintain Quality in Aerospace Manufacturing!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. In the US alone, over a thousand planes crashed in 2010. In fact, a large part of the quality assurance budget of aerospace parts manufacturers should be for administering a QMS. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address.

Quality 90
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6 Trends Affecting Inbound Freight Management!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Although the compliance safety and accountability scores were created in 2010 to enhance fleet management and improve the safety of truckers and civilian drivers, Congressional action in 2018 resulted in the hiding of this data from the public. Subscribe Here! Email Address. Infographic).

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Sales and Operations Planning – What Is It, and Why Should You Care?

NLPA (Next Level Purchasing Association)

This is now a generally accepted definition that appears in the APICS Dictionary 13th Edition (October 2010) and onward. Act as a forum for disciplined discussion around setting policy, strategy, risk and budget changes. Improving the S&OP Process is a SCOR (Supply Chain Operations Reference) Model best practice (BP.026).