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 ?
Integration attribute Stronger: There is a solid record of state support as the sovereign has provided JIC with subsidies, capital injections, soft loans, grants and tax incentives since JIC's inception to support the entity's development and help it implement assigned tasks.
However, as the situation stands, it looks like a JIC might be the only thing that could save people meters.
The JIC has chosen to listen to people like Ambrosia Starling, a professed transvestite, and other gay, lesbian and bisexual individuals, as well as organizations which support their agenda," Moore said.
The JIC inauguration was attended by senior executives from Huawei, Saudi Aramco, KFUPM, and various partner companies, as well experts from other leading technical, engineering and energy service firms, and the significance of the centre to Saudi Arabia's oil and gas industry, as well as being part of an evolving and dynamic DTV innovation ecosystem was underscored in a series of presentations.
JIC has also welcomed contributions of food items such as rice, powdered milk, canned meat and fish.
Scientists at JIC are confident studying natural processes will reveal new antibiotics.
The JIC said that it is not possible for the opposition to have carried out a chemical attack on that scale.
JIC offers in-house business support, finance, legal and business development experts, access to networking and funding, as well as incubator and academic cooperation programmes.
Referring to the JIC reports on Iraq, he told the inquiry: "When I kept reading them, I kept thinking to myself, 'Is this intelligence?
Najjar said Cabinet proved capable of agreeing on major decisions related to institutions when they agreed Thursday on appointing members to the JIC.
JIC was first established in Damascus in 2004 with over 200 members.
Fibox (Glen Burnie, MD) introduces the ARCA JIC enclosure family that has been tested and certified by SGS FIMKO to comply with the European Community's Low Voltage Directive.