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。
It is the difference between the budgeted or standard price of an item and the actual amount paid toppv business meaning acquire that item. Think of it as a financial reflection of how a company’s purchasing strategies perform against market。
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.
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ppv business meaning|What Is PPV Purchase Price Variance
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