Just In Case (JIC)

Corporate Finance Financial Terms Dictionary

Contents

Just in case (JIC) is an inventory strategy in which companies keep large inventory on hand.

This strategy minimizes the chance of an item being out of stock.
A company that uses this strategy usually has difficulty forecasting customer demand or experiences large spikes in demand at unpredictable times.
The main disadvantage of this strategy is higher storage costs and wasted inventory if all inventory is not sold.