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 ?
Eradicating just-in-case ordering is going to be difficult to accomplish without first resourcing units with adequate shop stock and bench stock to support them.
5) The figure above represents the resource dependency analysis and can be applied to either the just-in-case theory or the just-in-time theory.
The just-in-case logistics method would evaluate its resources like so.
In the just-in-case logistics method, labor includes not only the personnel needed to maintain the large stockpiles in the warehouse but also the personnel required to purchase them.
This article has briefly examined the movement of Army logistics from the just-in-case method to the just-in-time method.
A significant disadvantage of pure just-in-time distribution is that the requester has no option to obtain a part from just-in-case stockage in the theater.
During Desert Storm, the just-in-case logistics system was so severely hindered by misprioritized shipments that high-priority items, such as food, ammunition, and fuel, were not delivered to participating units in a timely manner.
some just-in-case deployments of iron mountains of "extra" supplies continue.
Whether an organization chooses just-in-case stockage or just-in-time distribution is influenced by customer satisfaction.
Customer satisfaction, both in units that used just-in-case stockage and in units that used just-in-time distribution, was influenced by the fact that they relied, to varying degrees, on excess repair parts their units had hoarded.
In reality, the Army's just-in-time distribution methods for ordering supplies are very similar to just-in-case ordering methods.
However, once the forces are in theater, just-in-case stockage is slightly more efficient for obtaining repair parts, though it is affected adversely by ineffective systems for tracking parts in the theater.