Food Industry Glossary

Like every industry, the food industry has special terms we use to describe aspects of our business. This glossary can help newcomers learn terminology and help seasoned food industry experts keep up to date.

TERM DU JOUR

velocity

How fast a product moves, controlling for differences in distribution.  Common measures of velocity are Sales Per Point of Distribution (SPPD) and Sales per Million.

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Latest Additions:

  • case labels

    A product's identification and pricing label attached to a product or case when shipped.

  • store supplies

    Materials and merchandise needed to conduct daily business by a retailer, i.e., grocery bags, brooms and mops.

  • flanker

    A manufacturer's product modification for an established product., e.g., blue M&Ms.

  • tie-in merchandise

    A multi-product display method in which a high-impulse item is linked to a staple or featured item.

  • historical margin

    The profit margin figured on a product or category of products.