Work-In-Progress (WiP)
Work-In-Progress (WiP) refers to partially completed products that are still in the production process. In the context of Industry 4.0, WiP is managed using advanced technologies like IIoT and AI to optimize manufacturing workflows. Real-time tracking of WiP items through IoT sensors allows manufacturers to efficiently monitor production stages, ensuring timely completion and reducing bottlenecks. For example, an AI-driven system can analyze data from WiP to predict delays and suggest adjustments. This results in improved productivity and resource utilization. However, integrating these technologies can be costly and require significant data management. Related terms include supply chain optimization and smart manufacturing.