ppv business meaning|Purchase Price Variance (PPV): Importance, Formula, Ways to。

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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。

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 actual amount paid to acquire ppv business meaningthat item. Think of it as a financial reflection of how a company’s purchasing strategies perform against market。

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