Purchase Price Variance (PPV) is a key performance indicator (KPI) that procurement specialists and finance professionappv business meaningls use to monitor cost efficiency in purchasing activities.
A positive PPV means the goods cost more than you estimated, and the cost of goods has increased. A negative PPV means the goods cost less than your estimate, andppv business meaning the business saved money.
Purchase Price Variance (PPV) is an indispensable performance metric for businesses aiming to closely monitor and control their procurement spending. It provides invaluable insights into the alignment of actual spending。
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ppv business meaning|What Is PPV in Accounting?
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