1. A system for identifying transactions from WIP status updates, the system comprising: a processor; an adapter for receiving WIP status updates for a semiconductor product from at least one supplier in a supply chain for the semiconductor product, wherein the adapter is for converting the WIP status updates to a generalized form; and a transaction identifier coupled to the adapter for identifying transactions based on a comparison of the WIP status updates with a previous WIP status for the semiconductor product, wherein the transaction identifier is further for identifying transactions based on a comparison of the WIP status updates in the generalized form with the previous WIP status for the semiconductor product.