Work in Process (WIP) [WIP]

Work in Process (WIP) [WIP]

by | Jan 30, 2020

Work in Process (WIP) is a Lean Metric describing the number of items within the process boundaries. To determine WIP Count allproduct between process stepsproducts being transformed at the momenthalf-finished goods which are stored in the warehouse between processes...

Non-Value Added Costs

by | Jan 30, 2020

Costs of using resources beyond what is needed to meet customer requirements. E.g. costs of OverproductionWaitingTransportOverprocessingInventoryMotionetc. Read also: Types of...