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 ?
Downward rating pressure could arise through a material deterioration in JIC's financial performance and/or risk-adjusted capitalisation."
Peter Jackson, director of the Centre for Intelligence and International Security at Aberystwyth University, said, the committee's findings that JIC assessments should never be used in the same way again was a 'tacit criticism that the public were misled'.
The committee said the JIC should have made it clear the 45 minute claim - repeated four times in the intelligence dossier - did not refer to strategic missiles.
However, the JIC did judge that in the event of the regime's collapse, there would be an increased risk that terrorist groups would be able to get their hands on such materials.
JIC's ratings have become increasingly pressured by its risk-adjusted capitalisation, which has trended downwards in recent years, and is deemed marginal for the current ratings.
According to the Chinese multinational the JIC, located in Dhahran Techno Valley (DTV) Innovation Centre in the kingdom's Eastern Province, will be "committed to enabling ICT technologies for the oil and gas industry, leveraging on Huawei technologies and global partners' expertise to meet customers' specific requirements." The company is also co-operating at JIC with leading partners such as Honeywell, Schlumberger, GE, Yokogawa, SAP, and other companies to develop solutions, it adds.
'Very Strong' Status, Ownership and Control: JIC is registered as a limited liability company under Chinese law.
Jordan Insurance Company (JIC) recently won the "Best Insurance Company in Jordan" award from the prestigious Jordan Business Magazine.
Sadara Chemical Company has signed memorandums of understanding (MoUs) establishing industrial training partnerships with Jubail Industrial College (JIC) and Jubail Technical Institute (JTI).
Sponsored by the Friday Morning Music Club (FMMC) Foundation, Inc., the JIC attracts young string players of the highest level from around the world.
On 30th august 2016 Yasin Malik was shifted to JIC Humhama but his disconnection from the rest of the world continued.