Just In Case


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

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.