work in process
Manufacturing still ongoing
Work in process refers to goods that have begun manufacturing but aren't yet finished—raw materials that have been partially assembled or transformed but require additional steps before completion.
The term appears in accounting and inventory management, where work in process represents a category of assets distinct from raw materials and finished goods.
The factory floor was crowded with work in process awaiting final assembly.
Also called work in progress, though some industries distinguish between them.
- productionMaking or generating something
- shop floorIndustrial production workspace
- cost accountingRecording and analyzing operational expenses
- assemblyConstructing from components
- workflowSequential task progression
operations · WIP · stocktaking · inventory · manufacturing · factory floor · prototyping · efficiency · fabrication · drill · throughput · cycle time · just in time · labwork · project management · scrap · capacity planning · run