Purchase Price Variance or PPV is a metric used by procurement teams to measure the effectiveness of the organisation’s or ppv business meaningindividual’s ability。
PPV, also known as purchase price variance, is a term used in procurement to refer to the difference between the market rate of a bought item and its actual price.
It is the difference between the budgeted or standard price of an item and the actuappv business meaningl amount paid to acquire that item. Think of it as a financial reflection of how a company’s purchasing strategies perform against market。
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ppv business meaning|What Is PPV in Accounting?
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