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Purchase price variance (PPV) is the difference between the standard cost (also known as baseline price) paid on a specific item or service and the actual amount you paid to acquire it. PPV can be either favorable or。

In the context of procurement and supplppv meaning supply chainy chain management, PPV stands for Purchase Price Variance. It represents the difference between the standard cost of an item and its actual purchase cost, reflecting discrepancies due to market。

What is PPV (Purchase Price Variance)? It is the difference betweeppv meaning supply chainn the budgeted or standard price of an item and the actual amount paid to acquire that item. Think of it as a financial reflection of how a company’s。

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