Remove Alabama Remove Eliminating Excel in Purchasing Remove Manufacturing Procurement
article thumbnail

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

article thumbnail

[INFOGRAPHIC] 5 More Supply Chain Trends To Watch Out for in 2016

GlobalTranz

When a business, or other organization, purchases equipment, parts, or remanufactured equipment it is an investment. Monitor the speed and efficiency of every step of the manufacturing process to identify and resolve bottlenecks. Pinpoint the source of quality issues and remedy the problem on the spot to prevent major quality crises.

article thumbnail

10 Must-Watch Negotiation Movies: Master the Art of Persuasion with These Gripping Films

SCMDOJO

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. These films were chosen to inspire and educate both aspiring negotiators and seasoned procurement managers.