Work in Progress (WIP)
Work in progress (WIP) the software which includes the handling of set at large 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, which can’t be tracked, that is where WIP Helps.
WHY IS WIP IMPORTANT– WIP would be considered as one of the KPIs (Key Performance Indicators) of the Management as it has a significant effect on a number of key areas.
The areas are as below:
- Monitoring and improving performance of the workers – Work in Progress (WIP) is a software for management to monitor and analysis the performance of processes and indirectly of the workers. This will help in improving work motions and get better production that will in turn increase client faith level.
- Forecasting By WIP- Work in Progress is an excellent practice to track inventory of manufacturing operations operate smoothly. A big hurdle for Management to overcome is making appropriate judgments according to demand. Tracking WIP using a predictive performance report helps with this decision-making software.
WIP Reporting : Software for Accurate forecasting promotes awareness, which leads to sound planning. The outcome desired is a reduction in buffer sizes as there will be adequate parts to maintain continuous flow without the danger of over-stocking.
- Follow Procedure– GST Cloud Work in Progress (WIP) certainly helps to find the status of the process from one stage to other stage and also shows the potential of the skilled person or operator who handles the operation in particular stage. By the help of WIP management can also check that how much manpower or machinery will used to get increase and quality production within timeline.
- Share Capacity- GST Cloud Work in Progress (WIP) undoubtedly helps to share the capacity the Manpower or machinery from one process to other process, according to the necessity of the product.
- Time Saving- GST Cloud Work in Progress (WIP) certainly helps to organization will be able to manufacture the products that the clients want at the desired quantities, just when they need certain time. However, Management gets easily find the report of this product condition from initial to final stage and also check the resources is being utilized properly.
GST Cloud Work in Progress (WIP) Apparel Industry Jems & Stone Industry Textile Industry Jewelry Industry Leather Industry Garment Industry
Recent Comments