Communication is key to success, and every industry has its own language. Successful brands know that there are common and not-so-common terms, specific to the Grocery Retail Industry, and speaking a common language is essential to developing effective relationships and processes with distributors, wholesalers, and retailers. We have organized some common Grocery Retail terms that your team will need to better acquaint yourself with the industry. Being well-versed in these will help your company successfully maneuver as you seek increased grocery retail distribution.
We have compiled terms and definitions for industry-lingo such as blind ordering, bracket pricing, broken case price (BCP), BOGO, failure fee, in-line product reclamation, center turnover buying, work-back calculation and more.