Work in process is the set of products in various stages of completion throughout the plant, including raw material that has been released for initial processing, up to the completed processed material awaiting final inspection and acceptance as a finished product [APIC]
Parts and subassemblies in the process of becoming completed assembly components These items, no longer part of the raw materials inventory and not yet part of the finished goods inventory, may constitute a large inventory by themselves and create extra expense for the firm
(Ticaret) (WIP) Material that has been partially processed but not yet transformed into its final state and not normally usable as is. The status of WIP material is usually described by its current routing operation location
Material that has been partially processed but not yet transformed into its final state and not normally usable as is The status of WIP material is usually described by its current routing operation location
work in process inventory
Hyphenation
work in proc·ess in·ven·to·ry
Turkish pronunciation
wırk în prôses învıntôri
Pronunciation
/ˈwərk ən ˈprôˌses ˌənvənˈtôrē/ /ˈwɜrk ɪn ˈprɔːˌsɛs ˌɪnvənˈtɔːriː/