Glossary Supply Chain / Term
A variance created by using or spending more of a given resource than specified by the standard, often categorized as rate (spending more per hour for labor for a given amount of production), efficiency (using more hours for a given amount of production), usage (using more material for a given amount of production) or price (paying more to a vendor for a given purchased item).
Permanent link unfavorable variance - Creation date 2021-11-03