Inventory can be classified into three major categories: raw materials, work in process and finished goods. Work in process (WIP) inventory consists of goods that have begun but not yet completed ...

For a manufacturing company, work in progress is created when items are part-way through the production process. WIP usually consists of three elements -- raw materials, direct labor and applied ...

More than a third of the businesses using RFID are doing so to improve the cost, safety and reliability of managing work-in-process (WIP), according to a study released by the Aberdeen Group, a market ...

Before dealer principals and store managers brush aside the issue by stating something like, “I’m a car guy, not an accountant,” NADA Academy instructor Eric Dreisbach shared eight potential pitfalls ...

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 ...

OATSystems, based in Waltham, Mass., this week unveiled an RFID software product designed to help manufacturers keep close tabs on their work-in-process (WIP) and assets. The Asset Tracking and ...

According to Jeffery Liker’s book, The Toyota Way, it’s estimated that most business processes are 90% waste and 10% value-added work. Value-added activities in a process are considered those that ...

When you can accomplish most of the heavy lifting done through a Disassemble for Estimate (DFE) process, a shop is in a better place to have the production space focus on throughput. A full 100% ...

This article explores the ways RFID devices deliver real-time, actionable information to address the challenges of managing the flow of goods and works in progress on the manufacturing floor. For ...