“We intuitively understood that we did not possess the expertise or systems internally to capture the opportunities available to us…and we were confident that the depth of experience in the staff at FSIC would compliment our purchasing strategies.”

- Attila Szabo, former COO
Restaurants Unlimited, Inc

FSIC - "The Price Management Company" To Foodservice Chain Operators Nationwide Since 2001

In today’s economic environment, it is critical to manage pricing and control costs throughout the supply chain.

Are you frustrated by increasing food and supply costs? Do you ever have that nagging feeling that money is falling through the cracks? Do you have a system that tracks every item's price on every invoice for accuracy and compliance? Do you ever wonder if you are really being charged the correct price on every item from your distributors?  Do you have access to consolidated purchasing information across distributors? Are you sure you are being sent your contracted items? Are you confident that your contracted items are priced correctly by your distributors? Is claiming earned rebate monies a complicated and time consuming process?

FSIC’s IntelliSpend supply chain management solution offers a system wide view to actively manage your pricing on every item and control your spend. We monitor cost at invoice level and line item detail across distributors and manufacturers to ensure you are being charged the correct price every time.

• IntelliSpend drills down to item level detail to find the estimated 8% costing error rate inherent in the foodservice industry.
• IntelliSpend monitors operator costs to ensure accuracy and consistency by performing line item audits across all distributors.
• IntelliSpend’s Contract Management module offers a system wide view to actively monitor manufacturer contracts at line item detail across distributors and monitor that the pricing is correct, and remains correct over time. It tracks any overcharges and recovers potential lost profits.
• IntelliSpend’s Rebate Management module maximizes your rebates and ensures you are receiving all of the rebate dollars you’ve earned.
• FSIC also has the ability to do On-Site Price Verification Audits for operators with Distribution Contracts with audit rights. IntelliSpend highlights key items and compares distributor’s actual landed costs and freight rates to verify charges are correct and according to contract details.
• FSIC Consulting: If you don’t already have contracts in place or are interested in re-negotiating or just having them reviewed, FSIC has the experience you need. We can negotiate Distributor and Manufacturer contracts on your behalf, or assist you in re-negotiations.

Since 2001, FSIC has been reducing costs for foodservice operators. To-date we have generated over $10 million in savings, with over $1 million dollars for one operator alone. We utilize our unique background in foodservice distribution, contract negotiations, supply chain and data management to help you control costs and streamline your purchasing with:

• Cost Management
• Line Item Audits
• Contract Management
• Rebate Management
• On-Site Price Verification Audits
• Consulting

 

Review Existing
Supplier Contracts

Too frequently operators negotiate an agreement with their suppliers, file it away and move on. But have your circumstances changed? Have you expanded your business and added new units? Has your volume dropped because of the economic climate? Just because your contract has been signed does not preclude you from revisiting key areas as your business changes.