ERP glossary · Manufacturing
What is Work in progress (WIP)?
Definition
Work in progress is material that has been issued to production but is not yet a finished product.
WIP ties up cash and space, so tracking it by job shows where orders are stuck and what the half-made stock is worth.
Work in progress in IndustryX
In IndustryX, material issued to a production job stays in WIP until the finished goods are received.
Related terms
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