Investor Glossary-jicInvestor Glossary-jicInvestor Glossary-jicInvestor Glossary-jicInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

JIC

The HTML to link to this page
 

JIC, which stands for "just in case," is a strategy used in inventory management. With the JIC strategy, companies seek to remove or reduce the chance that products will sell out and thus leave inventory empty. Instead of producing products after orders have come in, which is the JIT (just in time) strategy, the JIC strategy always keeps high inventory levels. The company will safeguard against sales that would otherwise be lost due to lack of inventory. A company may choose the JIC strategy if it cannot accurately predict demand for its products. The chief disadvantage of JIC is the high storage cost; the chief advantage of JIC is the ability to meet unexpected increases in demand for the products.



Rate this JIC definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, APR, liquidity ratio, labor relations, VIX, current ratio, 1031 exchange, balance sheet, ex-dividend, FTSE, risk management, Zero Cost Collar, retained earnings, dividends payable, stock market close, phantom income, diluted share, debt service coverage, required rate of return, 1035 exchange, command economy, inflation, 144a, real GDP, annual return, limit order, deferred tax, stock split, 401a, wholly-owned subsidiary, margin rate, class C shares, option premium, in escrow, open position, deferred revenue, Key Rate Duration, minority interest, per diem, ex-dividend date, covered put, reverse mortgage, cancelled check, average price per share, FICO score, quality assurance, LIBOR, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use