Work in process

As WIP, also work in, in business administration, the amount of inventory is called, which is bound by released orders in the individual stages of the current production. This contained materials are also meant as lying in queues or buffers in the works. As adoption of the English term "Work in process" also established the term "goods -in- work" increasingly in German.

An essential task of production planning and control (PPC ) is to hold stock in circulation as low as possible. They bind liquidity, capital and space, often cause additional transport and apply to the extent they are not directly in processing, basically a waste ( Muda ). Because of the connection between WIP and throughput time (Law of Little) restrict circulation stocks also have the flexibility.

Counterpart of circulating stocks is the current assets.

• Planning and organization
• Production Logistics