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Business stakeholders can prepare PPV forecasts by analyzing historical pricing data, finding the price development patterns, and applying them to the current market situation. The rationale behind using a standard price,。

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 actuppv business meaningal 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。

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