Real-Time Work-in-Progress Figures — Construction’s Secret Weapon
ProcurementExpress.com
JANUARY 2, 2019
Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. WIP is one element of an inventory account. ” username=””].
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