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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.

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

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Process Audit Reports – Create Efficiency and Procurement Excellence

Procurement Academy

A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. Typically, a procurement audit report will review areas such as the agreement of contracts, pricing data and purchase information, financial statements, stakeholder data and supplier performance records.

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The Best Supply Chain Company You Have Never Heard Of

Logistics Viewpoints

The company is piloting secure lockers for stock at their major sites. Driving an excellent supply chain depends on how people are recruited and managed, processes, and the technology used. The company has shown sustained improvement on this metric. Products can be shipped to a work site or a place of business.

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Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

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6 KPIs That Influence Inventory Optimization

Silvon Software

Available to Promise (ATP) Available to Promise (ATP) is a real-time inventory management metric that tells you how much of a product you can promise to customers without overcommitting. It supports smarter buying by showing which categories or products deliver the best ROI. Why is GMROI important? Want to dive deeper into KPIs?

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Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. Establishing a genuine relationship with people is a passive way to secure a job. It is the quickest and simplest way to help an employer buy into you and answer the common interview question ‘so…. tell us about yourself’.