WIP Tracking
Work in Progress (WIP) management is a wide concept that comprises everything that occurs between the initial movement of raw materials to the placement of finished goods into inventory. WIP management solutions range from small, highly focused measures like inventory management to broad, end-to-end projects incorporating system connections and process automation. The ultimate goals of any of these solutions are to keep WIP flowing efficiently, eliminate unnecessary inventory accumulation, and support several production objectives at the same time. While narrow-scope solutions produce efficiency and benefits, WIP management strategies that provide insight throughout the whole supply chain produce the best outcomes.