3 A B C D E F G H I J K L M N O P Q R S T U V W Y

WIP Turn Rate

WIP Turn Rate is a business metric focused on production. It measures the speed of work-in-process through a plant by quantifying the value of shipments in terms of the value of WIP. It is calculated by dividing the value of total shipments at plant cost (for the time period being measured) by the average WIP value at plant cost (for the same time period).