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GCSE Business · key term
Spare stock held to cover unexpected demand or delays in supply.
Used by AQA and Edexcel
Paper 1
Revise: Managing StockJust in case (JIC) means holding spare stock to cover possible shortages or unexpected demand. This reserve is called buffer stock. It can include materials, components or finished goods.
Specification 2.3.2 · Paper 2
Reserve stock held to cover unexpected demand or delivery delays; also called the minimum stock level on a stock-control graph.
Revise: Managing Stock: Bar Gate Graphs and JITMinimum stock level, or buffer stock: the reserve intended to protect against unexpected demand or delays.
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