<|begin_of_text|><|begin_of_text|><|begin_of_text|>Home Procurement News Why is lean accounting necessary in the supply chain?
Why is lean accounting necessary in the supply chain?
Knowing how to manage your finances is important for any business. If you aren't sure how much money you have in your<wm> account, whether for your business or personal financial needs, then lean accounting is a handy tool.
Lean accounting is a method of maintaining financial discipline, and as such, it's widely applied in all areas of the organization, including in supply chains, in all industries and for any size business. Lean accounting helps companies maximize efficiency, reduce waste and improve profitability.
Knowing how to generate invoices and get paid for your service can help ensure that you don't waste time and energy for your organization.
Knowing how to</wm> generate a profit margin by analyzing your costs to ensure that you're making a profit when selling products or