What is PPV or Purchase Price Variance

The purchase price variance (PPV) is an essential metric for any company that sells products. Businesses can not accurately track their costs or profits without understanding purchase price variance. That can lead to incorrect pricing, hurting your business' bottom line. Understanding the PPV can be difficult, but this video will help you get a handle on it. After watching this video, you will learn about what PPV is, how to calculate it, its importance in business, and how it benefits the business.