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What does WIP mean?

A company's partially finished goods waiting for further processing or completion.

WIP in a sentence
Reducing the WIP inventory is a key goal for our lean manufacturing initiative to improve cash flow.

WIP in German, French, Spanish and Italian

German
Ware in Arbeit Bestand
also Work-in-Process Inventory, WIP

Bestand an Erzeugnissen, die sich gerade in der Bearbeitung befinden.

French
Inventaire des en-cours de fabrication
also Work-in-Process Inventory, WIP

Valeur des produits en cours de fabrication.

Spanish
Inventario de trabajo en proceso
also Work-in-Process Inventory, WIP

Artículos que han salido de almacén de materias primas pero no están terminados.

Italian
Scorte di semilavorati
also Work-in-Process Inventory, WIP

Beni semilavorati presenti lungo la linea di produzione.

Common phrases with WIP

  • reduce WIP
  • improve cash flow WIP
  • manufacturing initiative WIP
  • current WIP
  • inventory WIP
  • track WIP

Synonyms and opposites for WIP

  • Synonym In-process stock
  • Synonym Semi-finished goods
  • Opposite Finished goods

More Accounting terms

All accounting terms →

WIP is filed under