Inventory In Process is a business term used to refer to goods or materials that are currently being worked on. This can include goods that are in the process of production, goods being readied for sale, or goods that are waiting for delivery. It also includes raw materials, parts, and other supplies that may be necessary for production. In order to effectively maintain inventory control, businesses need to track goods in progress and ensure that they are monitored as part of their overall inventory management strategy. If managed strategically, Inventory In Process can help businesses save money and optimize operational efficiency.