Define: Just In Case

UK Accounting Glossary

Definition: Just In Case



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Full Definition of Just In Case


Just-in-case or JIC is an inventory management strategy where companies hold large amounts of inventory on hand. Just-in-case is used to try to minimize the possibility that a product will run out of stock. Historical usage is one approach used in just-in-case inventory management. A company that uses just-in-case typically incurs high costs for holding inventory, yet experiences a reduction in the number of sales lost due to inventory being sold out. Just-in-case is different from the newer just-in-time strategy, where companies minimize inventory by waiting until orders come in to produce goods. Companies that have trouble forecasting demand often use just-in-case. With a just-in-case strategy in place, there is usually enough production material on hand to meet unexpected demands for product. Often companies appoint a just-in-case manager to oversee the process.


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Just In Case. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 02, 2020 https://payrollheaven.com/define/just-in-case/.
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Just In Case. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/just-in-case/ (accessed: April 02, 2020).
American Psychological Association (APA):
Just In Case. PayrollHeaven.com. Retrieved April 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/just-in-case/

Definition Sources


Definitions for Just In Case are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February 2020.