Institute for Supply Management
Advancing the purchasing and supply management profession through education and development.
February 17, 2006
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Glossary of Key Purchasing and Supply Terms Term of the Day:

WORK IN PROCESS (WIP)
Semi-finished goods, located at some point in the production process.

 
The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.

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