0 abbreviation for work in progress or process: a piece of work or a product that has been begun but is not finished or ready:
1 abbreviation for work in progress
The three categories of stock are raw materials, work-in-progress (WIP) and finished goods.
The company has work in progress (WIP) levels comparable with other car manufacturers.
WIP has not been completed but has already incurred a capital investment from the company.
