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Additives and spices
category
Ingredients added to food product to enhance the properties of the food product and prolong shelf life (additives) and
flavour food product (spices)
Ambient products
Food that can be stored at room temperature, generally about 20˚C
Bakery segment
Segment of the group which manufactures and distributes baking ingredients and equipment
B-BBEE
Broad-based black economic empowerment
BFA
Bidcorp Food Africa Proprietary Limited – a company registered in South Africa
BFS (EUROPE)
Bidcorp Foodservice (Europe) – a company registered in the United Kingdom
BF
Bidfood Proprietary Limited, previously Bidvest Foodservice Proprietary Limited – a company registered in South Africa
BFS247
BF’s online ordering platform
BID
Share code for Bidcorp on the JSE
Bidcorp
Bid Corporation Limited – a company registered in South Africa
BidOne
NZ based software development team, previously BluePepper, responsible for the development and maintenance
of the group’s e-commerce customer portal. Accessed globally from any device for online ordering, menu planning,
invoicing, sales reports, and day-to-day customer engagement
Bidvest
The Bidvest Group Limited – a company registered in South Africa
BPC
Bidfood Procurement Community – global procurement company sourcing product for Bidcorp
Brexit
Withdrawal of the United Kingdom from the European Union
Carton-movers
Traditional low margin logistics distribution business
Catering sector
A broad service category that provides food service at a remote site or a site at a hotel, care home, office building etc
Centre-of-plate
The main element of a dish e.g. beef, lamb, pork
Chilled products
Food that is stored at refrigeration temperatures (between 2˚C and 4˚C)
Contract distribution
Entire order delivered on one truck with freedom to select products, regular timed deliveries
Convenience stores
A small retail business with extended hours which stock grocery and food items
CP
Chipkins Puratos Proprietary Limited, previously Bidvest Bakery Solutions Proprietary Limited – a company registered
in South Africa
CFG
Crown Food Group Proprietary Limited, previously Bidvest Food Ingredients Proprietary Limited – a company
registered in South Africa
DC
Distribution centre
Direct
Online system for product management and online trading
Direct-to-customer
A business model adopted designed to sell online products direct to customers
DSM
Demand side management
EMS
Environmental management system
Farm gate inflation
Agricultural price inflation
Foodservice sector
The business of being a delivered wholesaler of a broad multi-temperature product range to the catering and
hospitality sectors
Four geographic
segments
Australasia, United Kingdom, Europe and Emerging Markets
Bidcorp adopted divisional structure
Free trade
Also referred to as street trade or independent trade
Standalone customers which are not part of a large conglomerate or holding entity, usually owner managed high-end
restaurants
Fresh products/
produce
Fresh produce (fruits and vegetables), meat, fish or poultry
Fresh segment
A segment of the foodservice sector that supplies fresh products (as defined above)
Glossary of terms and acronyms
159
Annual integrated report 2017
Bid Corporation Limited