Additional examples are adjusted to the entries in an automated way - we cannot guarantee that they are correct.
The inventory can include finished products, raw materials and goods in process.
Automated goods in processes: Incoming goods can be marked with barcodes and the automation system notified of the expected stock.
Work in process, work in progress, (WIP) goods in process, or in-process inventory are a company's partially finished goods waiting for completion and eventual sale or the value of these items.
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