Unfinished business: How to manage WIP inventory
$225.00
Description
Abstract: Work-in-process (WIP) inventory is an important entry on a manufacturer’s balance sheet. Monitoring WIP is critical not only to ensure that manufacturers’ financial statements are accurate, but also because it serves as a useful metric for tracking a company’s performance. This article explains what WIP is, the benefits of tracking WIP and determining the optimal level of WIP.
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