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Purchase price variance is a financial metric used in procurement and supply chain management to assess the difference between the expected (also known as standard or baseline) cost of an item and its actual purchase cost. PPV measures the gap between what the company planneppv meaning financed to pay for a product or service and what they actually paid.

What is PPV (Purchase Price Variance)? It is the difference between 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 purchasing strategies perform against market price。

Purchase Price Variance is the difference between the Actual Price paid to buy an item and the Standard Price, multiplied by the Actual Quantity of units purchased. Here is the formula: PPV = (Actual Price – Standard Price) x Actual Quantity. Pppv meaning financePV can be used to quantify the efficiency of a company’s procurement function.

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Karine Hagen, Viking Cruises svp product and daughter of founder and chairman Torstein Hagen, will be the godmother of Viking Sea and will officially nameppv meaning finance the ship during a。