Apicbase Glossary

The A to Z
food and beverage industry glossary

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

Procurement

Procurement refers to the process of sourcing and buying goods or services from a third-party vendor. The procurement process includes identifying, selecting, negotiating a price, collecting samples, and acquiring the product or service. A proper procurement strategy is crucial to ensure your business receives quality materials and to cut (food) costs.

Keep reading