Inventory can be classified into three major categories: raw materials, work in process and finished goods. Work in process (WIP) inventory consists of goods that have begun but not yet completed ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The work-in-process (WIP) schedule is one of the most ...

More than a third of the businesses using RFID are doing so to improve the cost, safety and reliability of managing work-in-process (WIP), according to a study released by the Aberdeen Group, a market ...

OATSystems, based in Waltham, Mass., this week unveiled an RFID software product designed to help manufacturers keep close tabs on their work-in-process (WIP) and assets. The Asset Tracking and ...

For a manufacturing company, work in progress is created when items are part-way through the production process. WIP usually consists of three elements -- raw materials, direct labor and applied ...

A buffer can be simply defined as something that serves as a protective barrier. Let’s see how this might apply in the context of technology and computing as well as manufacturing. In the context of ...

For manufacturers, the efficient handling and management of work- in-process (WIP) goods is critical for maintaining competitiveness and meeting customer demands. While enterprise resource planning ...

Process Cycle Efficiency (PCE) is a simple calculation that will define what percent of your total processing time is consumed by waste. It will also show you where that waste is and how you might try ...

According to Jeffery Liker’s book, The Toyota Way, it’s estimated that most business processes are 90% waste and 10% value-added work. Value-added activities in a process are considered those that ...