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Purchase Price Variance (PPV) is the financial discrepancy between the actual price paid for an item and its predetermined standard price, multiplied by the quantity purchased. This variance is key in procurement,。

In the context of procurement and supply 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。

Purchase price variance (PPV) measures the difference between the actual price paid for goods/services and the standard price. Favorable PPV indicates cost savings through effective sourcing and。

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