Work-in-Process (WIP)

Tags: Glossary

Goods that are in the process of being manufactured or assembled but are not yet complete.

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What does Work-in-Process mean?

In the shipping context, work-in-process (WIP) refers to unfinished products or components that are in the process of being manufactured or assembled. WIP is often used as a measure of a manufacturer’s production efficiency, as it indicates the number of materials and labor invested in the manufacturing process.

In the shipping industry, WIP is typically tracked as part of a supply chain management system to ensure that components and materials are delivered to the manufacturing site on time to meet production schedules.

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