Work in process may refer specifically to products that are completed in a short time. Work in progress is then taken to mean production that takes considerable time, such as a construction project.

If work-in-process inventory is worth $10,000 and the final value of those products upon completion is $50,000, the additional $40,000 in production costs must be accounted for as the costs are added.

A buffer can be simply defined as something that serves as a protective barrier. Let’s see how this might apply in the context of technology and computing as well as manufacturing. In the context of ...

Why target the process industry? The answer is straightforward: its significant contributions to greenhouse gas emissions, its excessive use of water and energy and the amount of waste it produces.

The employer was motivated and supported accommodations to keep this employee. The process of returning to work is an evolutionary process that can include past work, current need and work capacity.

Explore eight potential pitfalls of work-in-process accounting for dealerships. Learn how to improve financial practices and avoid costly errors in your service drive.

Basic work process tools and disciplines are the little things that must be ingrained so that the big things—safety, regulatory compliance, productivity, and reliability—continuously improve.

When you’re growing your business, you likely have a lot of goals you want to achieve and projects on your plate. A significant challenge for any leader is prioritizing the work in process to ...

"Currently, the visas of Grupo Firme and the team of Music VIP [Entertainment] are in an administrative process by the U.S. Embassy, a situation that makes it impossible for Grupo Firme to perform ...

The city of Edmond's 16-year quest to improve its water capacity is taking a dip in court with an Arkansas company disputing its bidding process.