{"id":14065,"date":"2024-12-24T03:00:10","date_gmt":"2024-12-24T03:00:10","guid":{"rendered":"https:\/\/www.hashmicro.com\/ph\/blog\/?p=14065"},"modified":"2025-10-27T03:57:17","modified_gmt":"2025-10-27T03:57:17","slug":"work-in-progress-wip","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/ph\/blog\/work-in-progress-wip\/","title":{"rendered":"Work-in-Progress (WIP) Definition With Examples"},"content":{"rendered":"

In the manufacturing sector, managing Work-in-Progress (WIP) inventory is essential to streamline production and prevent bottlenecks. This inventory type is a crucial bridge between raw materials and finished products, making it vital for a company’s operational flow.<\/p>\n

However, many manufacturing companies need help managing WIP effectively, such as inaccurate tracking, excess inventory, and delays in production cycles. These issues can lead to higher costs and missed business opportunities.<\/p>\n

In the Philippines, a study<\/a> by the Philippine Institute for Development Studies highlighted that many local manufacturers struggle with WIP inefficiencies, leading to increased operational costs. For more detailed insights, visit this study.<\/p>\n

Fortunately, solutions like ERP software can help streamline and automate WIP management, ensuring accurate inventory tracking. Continue reading this article to discover how these tools can transform your manufacturing process.<\/p>\n

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