Tracking Work in Process (WIP) using MISys Manufacturing

Definition of WIP: Work in Process (WIP) or in-process inventory includes the set at large of unfinished items for products in a production process. These items are not yet completed but either just being fabricated or waiting in a queue for further processing or in a buffer storage (source: Wikipedia).

Who needs this kind of functionality? Here are the pain points:

• You dispense raw materials from inventory to the production floor but it shows up as available inventory.
• There is a separate valuation of WIP for accounting purposes.
• You can't track WIP by the production stage: it is either "in production" or "finished".

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