Work in Process Insights

What is Work in Process?

Work in Process (WIP) refers to partially completed goods awaiting completion in a manufacturing or production process. It includes raw materials, labor, and overhead costs accumulated for products that are not yet finished goods. Managing WIP is crucial for efficient production, as it impacts inventory costs, lead times, and overall profitability.

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What other technologies are related to Work in Process?

Work in Process Complementary Technologies

Bills of Materials

Bills of Materials (BOM) are a fundamental component of Work in Process (WIP) systems. WIP relies on accurate BOM data to track material consumption and production progress. They are thus strongly complementary.

mentioned alongside Work in Process in 26% (57) of relevant job posts

Oracle Inventory

Oracle Inventory manages the flow of goods within an organization. While it can operate independently, it is strongly complementary to Work in Process (WIP) systems, as WIP uses inventory data for material tracking, availability, and consumption during the manufacturing process.

mentioned alongside Work in Process in 7% (66) of relevant job posts

Costing

Costing systems are crucial for calculating the cost of goods manufactured, which is a key aspect of WIP. WIP provides the data on labor, materials, and overhead needed for costing, making them strongly complementary.

mentioned alongside Work in Process in 5% (63) of relevant job posts