Material that has entered the production process but is not yet a finished product. Work in progress (WIP) therefore refers to all materials and partly finished products that are at various stages of the production process. WIP excludes inventory of raw materials at the start of the production cycle and finished products inventory at the end of the production cycle. Also referred to as ?work in process.?
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Supply chain management during Chinese New Year 2024
Supply chain management during Chinese New Year 2024 The Chinese New Year in 2024 will pose challenges for Western importers and entrepreneurs. However, with careful..
