Just In Case

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Just In Case

A business strategy in which a company maintains high inventory at all times to compensate for sudden increases in demand. A JIC strategy incurs higher carry costs for inventory, but protects the company from the possibility of losing revenue if it runs out of inventory. It is common for companies and industries that have a hard time estimating demand for their products. It contrasts with a just in time (JIT) strategy. See also: Supply chain.
References in periodicals archive ?
The Dhahran JIC, one of almost 30 such centres Huawei operates globally with its partners, will focus on Digital & Intelligent Oil Fields, Digital Pipelines, Intelligent Refineries, High Performance Computing, Big Data, Mobility, Safety & Security, Cloud Computing, and Energy Management.
Asked whether members of the JIC were chosen based on sectarian quotas, Najjar stressed he received no requests from any side favoring the appointment of the chosen members.
In the JIC tube, I would add 2 slug loads, 5 more 4-Buck and 15 No.
between SSM and JIC, the Board took the decision on receipt of SSM's
The JIC then chaired by John Scarlett - now head of MI6 - reported to No 10 that Iraq was pursuing a nuclear weapons programme - which the JIC now admits was wrong.
That dossier accurately reflected the views of the JIC at the time that it was signed off by them,' he said.
William Ehrman, currently deputy JIC chair and director general for defence and intelligence at the Foreign Office, will take over, as Mr Scarlett becomes chief of MI6 next month.
John Scarlett, head of the JIC in the run up to war, should not resign.
The JIC should not have included the 45-minute report in its assessment and in the Government's dossier without stating what is was believed to refer to," the report said.
The original JIC assessment dated September 5, shown to the inquiry,noted: ``Iraqhas probably dispersed its special weapons, including its CBW (chemical-biological warfare) weapons.
Mr Blair's official spokesman yesterday denied the dossier had caused a "major row" at the JIC.
The JIC emerges as a highly effective and reliable instrument which soothed rather than inflamed the anxieties of Ministers and the military, especially during the Cuban missile crisis in 1962.