Item still being made or completed as opposed to a finished or merely planned item
Also known as work in progress · in-process inventory · WIP · goods in process
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4 identifiers linking work in process across the web's reference databases
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Work in process or work-in-process, WIP, work in progress, goods in process, or in-process inventory refers to a company's partially finished goods waiting for completion and eventual sale, or the value of these items. The term is used in supply chain management, and WIP is a key input for calculating inventory on a company's balance sheet. In lean thinking, inappropriate processing or excessive processing of goods or work in process, "doing more than is necessary", is seen as one of the seven wastes which do not add value to a product.