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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 acquire it. PPV can be either favorable or。

In the context of procurement and supply chain managppv meaning supply chainement, 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。

In Procurement, Purchase Price Variance (PPV) is the difference between the standard price of a purchased material and its actual。

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