Thing

Work in process

Work in process, work in progress, (WIP) goods in process, or in-process inventory are a company’s partially finished goods waiting for completion and eventual sale or the value of these items. These items are either just being fabricated or waiting for further processing in a queue or a buffer storage. The term is used in production and supply chain management. Optimal production management aims to minimize work in process.

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RICHTOPIA

RICHTOPIA

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