Semi Finished Goods / WIP
Semi Finished Goods (Work In Progress) are items that are part-way through the manufacturing process. They are neither raw materials nor finished goods, and they often appear as intermediate outputs of production operations.
Common characteristics:
- Used as inputs to subsequent manufacturing steps.
- May have quantity-in-progress tracked against job orders or production requests.
- Valuation and costing are typically transferred to the final finished good when consumption or completion is recorded.
How to work with Semi Finished Goods in Ultro ERP:
- Navigate to Products → Semi Finished Goods / WIP to view the list of items.
- Click any row to view the product record and its stock/valuation details.
- Add a new semi finished item using Add New and supply attributes such as BOM references, unit of measure, and costing method.