The difference between JIT & JIC

IB Business Management: The difference between JIT & JIC

The difference between JIT and just-in-case (JIC) (AO2)This section of the IB Business Management syllabus looks at the main differences between just-in-time (JIT) and just-in-case (JIC) methods of stock control (AO2).Just-in-time (JIT) (AO2)Just-in-time (JIT) is a lean stock control system which relies on deliveries of stock being made just in time for them to be used in the production process. JIT removes the costs...

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