Operations / Lean
Work In Process WIP
The unfinished work sitting inside a process, counted as items on the floor by operations and as dollars of half-built inventory by accounting.
The fork, why two teams get different numbers
Same three letters, two units.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: Little's Law (L = λW) · APICS/ASCM inventory terminology · cost-accounting WIP (GAAP inventory)