
Work on Progress
"Work in Progress" (WIP) refers to ongoing tasks or projects that have been started but are not yet completed. It represents the current stage of work within a process, whether in manufacturing, software development, or other fields. WIP helps monitor progress, manage resources, and identify potential bottlenecks. For example, in a factory, WIP might include items at various stages of assembly. Tracking WIP ensures efficiency and provides insight into timelines and workflow, enabling better planning and timely delivery of finished products or services.