Just in case (JIC)

Just in case (JIC),

Definition of Just in case (JIC):

  1. The just in case (JIC) inventory strategy is much different than the newer "just in time" (JIT) strategy, where companies try to minimize inventory costs by producing the goods after the orders have come in.

  2. Just in case (JIC) is an inventory strategy in which companies keep large inventories on hand. This type of inventory management strategy aims to minimize the probability that a product will sell out of stock. The company that utilizes this strategy likely has a hard time predicting consumer demand or experiences large surges in demand at unpredictable times. A company practicing this strategy essentially incurs higher inventory holding costs in return for a reduction in the number of sales lost due to sold-out inventory.

  3. The inventory management strategy that companies use when they store a large amount of inventory because they are likely to run out of stock. Companies that use this strategy have higher costs initially, but it cuts down the number of lost sales that happen when there is not enough inventory.

  4. If it is true that.

  5. As a provision against something happening or being true.

How to use Just in case (JIC) in a sentence?

  1. In case you havent figured it out, let me explain.
  2. We put on thick jumpers, in case it was cold.

Meaning of Just in case (JIC) & Just in case (JIC) Definition

Just In Case (JIC),

Just In Case (JIC) means,

  • Meaning of Just In Case (JIC): Just in case (JIC) is an inventory strategy where companies have a large number of inventories. This type of inventory management strategy aims to reduce the likelihood of a product being sold. Companies using this strategy often have difficulty predicting consumer demand or will experience a sharp increase in demand at unexpected times. In contrast, companies that follow this strategy tend to reduce lost sales due to stock shortages, which are primarily higher maintenance costs.

    • Just in case (JIC) is an inventory strategy where companies have a large number of inventories.
    • This strategy reduces the likelihood of the product being sold.
    • Companies using this strategy often have difficulty predicting consumer demand or will experience a sharp increase in demand at unexpected times.
    • The main disadvantages of this strategy are the high inventory cost and the loss of inventory if the inventory is not sold.

Literal Meanings of Just In Case (JIC)

Just:

Meanings of Just:
  1. all right

  2. Recently, in the near future

  3. just a little.

  4. Just nothing more.

  5. Express your agreement.

  6. Behave on the basis of moral justice and ethics, or accordingly

Sentences of Just
  1. That's exactly what I need

  2. I just saw the local newspaper

  3. Inflation has fallen by more than 4%

  4. They are only interested in making money

  5. Expert in fair and democratic society

Synonyms of Just

absolutely, anti-discrimination, but, no more than, by a hair's breadth, only now, nothing but, not long ago, neutral, entirely, by inches, thoroughly, very recently, precisely, merely, narrowly, a second ago, fair, equitable, only, unbiased, fair-minded, objective, only just, impartial, in all respects, even-handed, altogether

In:

Meanings of In:
  1. An expression of a situation when something is covered, surrounded, or seen as something else.

  2. Identify the period during which an incident occurred or the situation remained the same.

  3. State the time period before any future event occurs.

  4. (Usually after a non-specific noun) which expresses a condition or condition.

  5. Join or announce participation.

  6. Please show someone's occupation or profession.

  7. Determine the language or media used.

  8. As an integral part (an activity)

  9. Status of influence with a powerful or famous person.

  10. (Someone) in your home or office.

  11. Beautiful

  12. Land in designated play area (from ball to tennis and similar sports).

Sentences of In
  1. Dressed in her best Sunday

  2. They met in 1885

  3. See you in fifteen minutes

  4. Fall in love

  5. I read about it in a book

  6. She works in publishing

  7. Says in Polish

  8. When planning public spending, it's best to be cautious

  9. We knocked on the door but no one was inside

Synonyms of In

voguish, into the interior, chic, into the room, inside, modern, at home, stylish, in fashion, in the time of, into the building, within, popular, up to the minute, following, in vogue, in the middle of, in style, home, within the bounds of, over

Case:

Meanings of Case:
  1. An example of such a situation, an example of what happened.

  2. Matters of illness or anxiety.

  3. Litigation, especially court decisions.

  4. Any affected form of a noun, adjective, or pronoun that expresses the semantic relationship of a word to other words.

  5. Surrounded by matter or matter.

  6. Find out (somewhere) before committing a robbery.

  7. A container designed to hold or protect an object.

  8. There are two ways, big or small, the letters of the alphabet can be written or hidden.

Sentences of Case
  1. A matter of confusion

  2. 200,000 cases of hepatitis B.

  3. Label case

  4. Blame game

  5. Granite Steel tower covered with granite

  6. Store the tires in a velvet box

  7. In some cases, mixed letters work.

Synonyms of Case

cover, sheathe, sufferer, scrutinize, legal proceedings, lawsuit, legal process, box, litigation, explore, invalid, proceedings, instance, suit, survey, receptacle, cause, exhibition, holder, action, repository, legal proceeding, indictment, examine, envelop, wrap, reconnoitre