Recruiter's Glossary

Examples: RFP • CPFR • DRP

WIP

Term from Supply Chain Consulting industry explained for recruiters

WIP (Work In Progress) refers to materials and goods that are currently being processed or manufactured but aren't yet finished products. Think of it like a half-baked cake - it's no longer just ingredients, but it's not ready to sell either. In supply chain and manufacturing, tracking WIP is crucial because it represents money tied up in partially completed work. Companies aim to keep WIP levels balanced - too much means wasted resources, too little might slow down production. You might also see this referred to as "Work in Process" - both terms mean the same thing.

Examples in Resumes

Reduced WIP inventory levels by 40% through process optimization

Implemented new tracking system for Work In Progress items across 5 production facilities

Led team initiative to decrease WIP and Work In Process holding costs by $2M annually

Typical job title: "Supply Chain Consultants"

Also try searching for:

Supply Chain Analyst Operations Manager Production Manager Manufacturing Consultant Inventory Manager Process Improvement Specialist Lean Manufacturing Engineer

Where to Find Supply Chain Consultants

Professional Networks

Job Boards

Industry Resources

Example Interview Questions

Senior Level Questions

Q: How would you develop a strategy to optimize WIP inventory levels in a manufacturing facility?

Expected Answer: A senior candidate should discuss analyzing current processes, implementing tracking systems, considering lean manufacturing principles, and balancing production speed with inventory costs. They should mention involving stakeholders and creating measurable goals.

Q: How do you handle WIP reporting in a multi-facility operation?

Expected Answer: Should explain standardizing reporting methods across locations, implementing tracking systems, ensuring accurate valuation methods, and creating clear communication channels between facilities.

Mid Level Questions

Q: What metrics would you use to track WIP efficiency?

Expected Answer: Should mention inventory turnover rates, production cycle time, holding costs, and bottleneck analysis. Should understand how these metrics impact overall business performance.

Q: How do you identify problems in WIP management?

Expected Answer: Should discuss looking for signs like increasing inventory levels, longer production times, higher costs, and bottlenecks in the production process.

Junior Level Questions

Q: What is WIP and why is it important to track it?

Expected Answer: Should explain that WIP represents partially completed products and understand its impact on cash flow and production efficiency.

Q: How do you calculate WIP inventory value?

Expected Answer: Should be able to explain basic calculation including raw materials, labor, and overhead costs that go into partially completed products.