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Purchase Price ppv business meaningVariance or PPV is a metric used by procurement teams to measure the effectiveness of the organisation’s or individual’s ability。

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 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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