Consolidated Concepts, a leading group purchasing organization for national multi-unit restaurant concepts, has announced that as of October 1, it will be partnering with the newly-formed Buyers Edge Platform Source GPO to process all of its rebates and deviated (discounted) pricing. Consolidated Concepts is winding down its long-standing contract with Compass Group and Foodbuy Inc.
The Buyers Edge Platform and its new partner Entegra collectively leverage over $17 billion in purchasing volume, making it the largest restaurant-focused GPO in the world. This partnership will enable Consolidated Concepts to offer the most extensive and competitive portfolio of contracts to its more than 280 multi-unit chain clients.
In addition to the new contracts and savings, Consolidated Concepts will have the industry’s most advanced technology tools to help its customers well beyond price and rebate savings.
"This new partnership will further differentiate Consolidated Concepts from its competitors with a one-of-a-kind portfolio of contracts. This will drive the greatest invoice savings and largest rebate checks in the industry for chain operators,” says Mark Cimino, Consolidated Concepts’ SVP of Client Relations. "Consolidated Concepts understands that restaurant chains prefer lower into-unit deviated prices, rather than rebates. Our new contracts are focused on the items that matter most to restaurants, as opposed to other purchasing organizations whose portfolios are more geared toward cafeterias or other foodservice segments.”
News and information presented in this release has not been corroborated by FSR, Food News Media, or Journalistic, Inc.