Remove Purchasing Remove Real-time Visibility 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.

Price 69
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

professionals

Sign Up for our Newsletter

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

article thumbnail

Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

article thumbnail

Why Procure-to-Pay Software is Critical Today

ivalua

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. Investing in Procure-to-Pay solutions is seeing the bigger picture. Investing in Procure-to-Pay solutions is seeing the bigger picture. If true, that would be a real shame.

article thumbnail

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

A company can gain a lot by applying the appropriate techniques and significant software usage. Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Optimizing routes in this scenario is also essential because it helps reduce timing. Click here!

article thumbnail

Integrated Logistics — What You Should Know

Procurement Tactics

Additionally, we will tell you the advantages of having integrated logistics in your supply chain. Thus, this will enable you to implement it in your supply chain. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207
article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?