Tips for WORK IN PROGRESS

Work in progress is a necessary aspect of business whether it is part finished web sites or components in a car factory. There are a number of reasons why too much work in progress or inventory can be a bad thing. The key aspect is that inventory costs money. There is a danger that inventory will become obsolete. Physical inventory needs to be insured. Batch defects can take much longer to come to light if tied up in inventory.

Keeping work in progress to a minimum will help improve cash flow and limit potential waste. Try to see jobs to completion before moving on to new ones. Adopt a just in time method for manufacturing processes.