What is in-process stock in SAP SCM-IBP-INV - Inventory?

SAP Term: in-process stock

• Component: SCM-IBP-INV

• Component Name: Inventory

• Description: that is currently being manufactured, assembled, sub-assembled, or otherwise processed within a supply chain.

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• Key Concepts: 
  In-process stock is a type of inventory that is in the process of being manufactured or assembled. It is the material that is in the process of being transformed from raw materials into finished goods. It is also known as work-in-progress (WIP) inventory. 
  
  How to use it: 
  In-process stock can be managed in SAP Inventory Management (SCM-IBP-INV) by tracking the quantity and value of the material as it moves through the production process. This allows for better control over inventory levels and costs, as well as improved visibility into the production process. 
  
  Tips & Tricks: 
  It is important to track in-process stock accurately, as it can have a significant impact on inventory levels and costs. It is also important to ensure that all relevant information about the material is captured, such as its origin, destination, and any other relevant details. 
  
  Related Information: 
  For more information on managing in-process stock in SAP Inventory Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_INVENTORY_MANAGEMENT/latest/en-US