FSIC utilizes their innovative IntelliSpend™ Price and Product Management System combined with vast knowledge and experience to bring clarity to the foodservice industry.
In today's economic environment, it’s critical to manage your distributor contracts, and manufacturer pricing. You must control your costs throughout the supply chain.
Are you frustrated by increasing food and supply costs? Do you have a system that tracks product and pricing on every item on every invoice for accuracy and compliance? Do you ever wonder if you are really getting the correct product or being charged the correct price on every item from your distributors? Do you have access to consolidated purchasing information across all distributors, categories, and distribution points? Are you confident you are receiving your contracted items, from the contracted vendor, at the correct contracted price? Are you confident that your contracted items are priced correctly each and every time they are delivered? Is tracking earned rebate monies a complicated and time consuming process?
Do you ever have the nagging feeling that your money may be falling through the cracks?
FSIC’s proprietary IntelliSpend™ Product & Price Management System offers a system–wide view allowing you to clearly and actively manage your products and pricing at item level detail. We monitor products and price at invoice level and line item detail across all distributors and manufacturers. This ensures you are getting the correct product at the correct price every time.
- IntelliSpend™ brings clarity by analyzing item level detail to recover the estimated 8% costing error rate on products and price that is inherent in the foodservice industry.
- IntelliSpend™ monitors operator costs to ensure accuracy of product and consistency of pricing. We perform line item audits across all distributors, categories and distribution points.
- IntelliSpend™ provides business intelligence revolutionary to the industry. We provide clarity, regarding who the product is coming from (Manufacturer), and what the product actually is (Manufacture Product Code). Therefore, you will know exactly what you paid and what product you received.
- IntelliSpend’s™ Contract Management Module offers a system-wide view to actively monitor manufacturer contracts and products at line item detail across all distributors and distribution points. We actively monitor that products and pricing are correct, and remains correct over time. It tracks overcharges and can recover potential lost profits.
- IntelliSpend’s™ Rebate Management Module maximizes rebates and ensures you are receiving all of the rebate dollars you’ve earned. Nothing falls through the cracks.
- FSIC also has the ability to do On-Site Price Verification Audits for operators with Distribution Contracts that include audit rights. IntelliSpend™ highlights key items and compares distributor’s actual landed costs and freight rates to verify that charges are correct and according to contract details. We ensure you are receiving the correct product from the correct manufacturer.
- FSIC Consulting: If you don’t already have contracts in place, are interested in re–negotiating, or just would like your current contracts reviewed, FSIC has the experience you need. We can negotiate Distributor and Manufacturer contracts on your behalf, or assist you in re–negotiations if you prefer.
Since 2001, FSIC has been reducing costs for foodservice operators nationwide. To-date we have generated over $50 million in savings for our clients. One operator alone received $1 million (in cash). 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: