The PPV (purchase price variance) report is to procurement what the annual medical check-up is to a patient (Ezekiel Emmanuel published a provocative op-ed in the New York Times recently about why people should skip annual physicals). In short, they both have been used to measure ‘health,’ yet both appear as imperfect measures, albeit for different reasons.
MetalMiner has long offered tools to assist metal buying organizations do their job better, but these 10 insights into why manufacturers may wish to ditch the PPV provide an alternative point of view on a mainstay procurement practice.
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This report is sponsored by Pool4Tool, an all-in-one supply collaboration platform that covers all of the critical aspects for the optimization of processes from production, strategic and operational purchasing, SCM and quality management. The solutions are tailored to meet the specific requirements of sourcing direct materials and have been used by organizations looking to consolidate multiple ERP systems, outsource SAP MDM and synchronize vendor and category master data across all ERP systems. Learn more about Pool4Tool here.