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Purchase Price Variance or PPV is a metric used by procurement teams to mppv business meaningeasure the effectiveness of the organisation’s or individual’s ability。

It is the difference between the budgeted or standard pppv business meaningrice 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。

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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