What does WIP mean?
It stands for Work In Progress.
Definition
Work In Progress (WIP) refers to tasks or products that are in the process of being completed but are not yet finished.
Relevance
WIP is a crucial metric in production and software development, indicating the amount of work that is actively being done at any given moment.
Manufacturing
In manufacturing, WIP represents the inventory of partially completed products that are still in the production process.
Development
In software development, WIP limits are used to optimize workflow and ensure that teams do not take on more work than they can effectively manage.
Kanban
WIP is a key concept in the Kanban method, where it is used to visualize and limit the amount of work in progress to improve efficiency and identify bottlenecks.
Production Efficiency
Monitoring WIP is essential for assessing the efficiency of the production process and identifying areas for improvement.