If a company is manufacturing a product, the inventory is divided into three different stages: raw materials, work-in-progress (WIP) and finished goods.

如果公司是制造企业，存货分为三个不同的阶段：原材料，在制品，产成品。

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Imagine the working capital tied up in work in progress and inventory across China.

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Helyar notes that equipment manufacturers are likely to reduce orders to avoid a sharp increase in their inventory of work in progress.

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