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 that item. Think of it as a financial reflection of how a company’s purchasing strategies perform against market。
Purchase Price Variance (PPV) is an indispensable performance metric for businesses aiming to closely ppv business meaningmonitor 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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