Work in Progress

 


O'PEEP'S WORK IN PROGRESS EXPLANATION 

For his Grandma‘s birthday O‘Peep is making hundreds of decorated chocolated cookies. It‘s a hell of a job. Chaotic would be pretty polite to describe the kitchen. You can find dough, and many unbaked cookies. Some cookies are baked already, some are probably burned. And some cookies are with chocolate deco, yet. Anything on the way to become a cookie we call WIP. 

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Work in Progress / Work in Process (WIP) is the number or value of unfinished products or goods in the production process.

 

WHAT IS WIP

In general, any product that is in the process of being manufactured, assembled, or otherwise transformed from raw materials into a finished good, can be considered WIP.  We either count the number of products or we consider the value of the products. Also documents in a workflow can be considered WIP.

Finished goods and raw materials are not considered WIP.  
 

WHEN TO WORK WITH WIP

  • WIP is a helpful indicator to identify bottlenecks in production.
  • You want to cut Throughput Times? Reduce WIP! 
  • Often WIP is critical because you would like to cash out. Working on your WIP will improve your Cash situation.
  • If you are scrapping finished goods as they are not required, depending on your situation reducing WIP could be a way to become better.
  • WIP brings chaos to production. Reducing WIP means getting more productive.

 

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