- Dave Johnson
former VP Purchasing
Restaurants Unlimited, Inc
FSIC's IntelliSpend solution provides a sophisticated reporting tool that produces actionable information to help you control pricing across all distributors and distribution points. Let FSIC be the resource for information to your supply chain department.
If you want to actively manage your pricing, need access to actionable data, or you need help finding the rebates and restitution/overcharges you are owed, FSIC has a variety of foodservice purchasing support solutions. These solutions are tailored to fit your specific business needs, allowing you to effectively manage your business and deliver results to your bottom line.
Our FSIC IntelliSpend solutions:
Monitors and manages pricing across all units, distributors, manufacturers, categories and products, at invoice level and at line item detail. We flush out all overcharges as well as increased pricing through product compliance.
Drills down to item level detail, across distributors, to uncover the errors that are simply inherent in the foodservice industry. IntelliSpend monitors operator costs, system wide, to ensure accuracy and consistency. I have stated for 30 years, distributors do not wake up in the morning and work on increasing your costs; they simply do not have the time. There is just an inherent error rate that has been in the industry forever and continues to be.
No longer do you have to wonder if your contracted items are charged correctly. Our Contract Management module manages contract line item detail across all distributors and ensures your company receives the correct pricing that was negotiated with the manufacturer. And, if there are any overcharges uncovered, detailed "credit owed" reports help to expedite your claims for reimbursement and restitution.
Our Rebate Management module provides robust, actionable data, allowing your busy purchasing executives to focus on the day to day operations of the business and not micro-managing manufacturer rebates or spending hours trying to recap purchases to claim the monies earned. FSIC is well respected in the Manufacture community for providing accurate infomation to the manufactures. And, at your request, FSIC will track, bill and collect rebates on your behalf. Nothing falls through the cracks.
Our Price Verification service combines in-depth analysis from IntelliSpend to identify which products should be audited, along with knowledgeable and experienced foodservice auditors to perform the actual review on your behalf. Some of the major distribution companies in the industry today have marveled at the item level detail in which we do an audit. After many years of providing this service as a distributor we are very knowledgeable about what the correct information is that will need to be provided in our audits. You will receive a full report with a summary of each item, prices charged and recommendations for follow up and restitution claims.
Whether you are negotiating your first distribution or manufacturer purchasing contract or you already have them in place, and have been doing them for years, FSIC is there to support you. Our team has over 45 years of purchasing expertise and we know how to help you negotiate the best deal possible for your company. We are available to represent your company in discussions with distributors and manufacturers if that is what you are looking for us to do, or we can remain in the background to coach your team on how to negotiate the best contract.
As an FSIC client, you have 60 years of negotiation experience available to you to review and flush out any and all contract language that can cost your company hundreds of thousands of dollars.
Audit your Suppliers
Fewer than 10% of chains we surveyed ever execute their supplier auditing rights. With limited resources to monitor and track price changes, rebate programs or deviated pricing contracts, most chains simply don’t have time to conduct a review of suppliers. FSIC can help you access all of the rebate money you are owed.
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