What We Do
FSIC, Inc. is the foodservice industry source for Strategic
Products and Cost Management. We provide a robust set of purchasing support solutions that brings clarity to help you manage products, costs, contracts, and rebates.
Here is how FSIC has helped a few of our clients:
- FSIC captured over $1 million (cash) in additional rebates for one client, in just one calendar year.
- FSIC identified $267,000 in overcharges due to non-compliance with corporate product specs from the correct manufacturer in one quarter.
- FSIC obtained $43,000 for a client over a six-month period in one audit.
- FSIC uncovered $239,000 in overcharges when contract pricing was not in place.
- FSIC discovered that language changes in a proposed addendum to a client's distribution agreement could have cost the client over $600,000 had it been executed as written.
- FSIC's IntelliSpend™ System found a 2.5% annual overcharge on total spend for a client. We identified that units were charged different invoice prices for the same items, delivered on the same day. In addition, the category margin documented in the client's MDA was incorrectly input in the distributor's system, resulting in incorrect pricing.
- FSIC helped a client realize a savings of over $443,000 from their distribution contract by changing just one sentence in the contract.
- In a re-negotiation of a distributor contract, FSIC negotiated over $750,000 in signing bonuses (cash).
- FSIC has uncovered compliance issues to products by category that saved over $1 million in 2012.
- FSIC saved a client over $386,000 in rouge spending by identifying and moving product back to the correct vendor and distributors.
- FSIC saved one of its clients $840,000 with new distribution agreements.
- One client has been with FSIC for over 13 years and they will continue to utilize us because of the work we have performed on their behalf.
- FSIC is the back office provider of business intelligence to consultants nationwide in the restaurant industry. This is due to our ability to provide actionable data that allows their clients to succeed.