oboloo Glossary

Manufacturing Wip

oboloo Glossary

Manufacturing Wip

Manufacturing WIP is an acronym for Work In Progress and it refers to the collection of components, materials and unfinished goods that are in the process of being manufactured. It can also refer to the process of actually manufacturing these items, from raw materials to finished products. Manufacturing WIP is a critical component of any successful production facility, as it helps to ensure that quality standards are met while also providing an accurate accounting of the costs associated with each product.