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Work in Process
Work in Process
The status where the constituent items of a parent item are in work in process to manufacture it refers to as "Work in Process", and they are regarded as "In Process Inventory". When it is internally manufactured, its dispatched items are thought as Work in Internal Process. The supplied items provided to subcontractors are thought as Work in Subcontract Process.
The status where the constituent items of a parent item are in work in process to manufacture it refers to as "Work in Process", and they are regarded as "In Process Inventory". When it is internally manufactured, its dispatched items are thought as Work in Internal Process. The supplied items provided to subcontractors are thought as Work in Subcontract Process.
Reference:JIT Business Research Mr. Hirano Hiroyuki