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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.

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Detailed strategies for improving procurement skills Improving procurement skills involves a mix of education, practice, mentorship, and exposure to new tools and methodologies. Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. In order to stay ahead of inflationary trends, procurement teams need to be proactive and continuously adjust their strategies. Let’s explore further.

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Onventis

Spend Matters

The need for resilient supply chains is also a key factor driving procurement digitalization. Customers want to quickly adjust sourcing strategies and build agility into their supply chains. Customers use Onventis to consolidate suppliers and negotiate better terms.

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Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Supply Chain Risk Management (SCRM) complements this by systematically identifying and mitigating supplier risks, such as financial instability, geographic vulnerabilities and inconsistencies in supplier operations.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

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Leveraging Lean Procurement

Una

Leveraging Lean Procurement. What is lean procurement? Lean procurement” can mean several different things depending on who you ask, but the common thread connecting every definition is the core concept of doing more with less. Applying the principles of the lean work methodology to procurement. Create strategic focus.