fsilg cooperative, inc. overview january 20, 2005
TRANSCRIPT
FSILG Cooperative, Inc.
Overview
January 20, 2005
FSLIG Cooperative Inc.
Chris Rezek, Executive Director• The Cooperative is 15 months old• There are 31 members and all FSILGs are invited• The Cooperative is owned and controlled by the member
houses and we will use our buying power to get better service and prices from vendors
• Spend time to understand the opportunity• Spend time to understand your specific needs• Determine if there is a match
Basics
• Merchants participate because of our volume and prompt payments
• House participate because of our improved prices and service
• Member owned and operated
• Two full-time staff work for you
• MIT supports, does not control
Financial Model
• Secured credit card model– estimate your monthly spending– put down a deposit– bills are charged against your account each
week– you pay the balance each month
• Special projects– notify Cooperative before project begins– arrange a special payment schedule
Discounts
• Cooperative percentage discount– Received as end-of-year dividend– Deducted at time of purchase– Covers operating expenses of Cooperative– For all vendors
• Lower initial prices– Immediate– Not deducted at time of purchase– Not for all vendors
Examples
• 5%-15% on food
• 5%-20% on contractors
• 15% off rental cars
• 40%-60% on office supplies
• $100s on waste management
Governance• Members
– AILG– Alpha Chi Omega– Alpha Delta Phi– Alpha Epsilon Pi– Alpha Tau Omega– Beta Theta Pi– Chi Phi– Delta Kappa Epsilon– Delta Tau Delta– Delta Upsilon– Epsilon Theta– Fenway House– Interfraternity Council– Kappa Sigma– Lambda Chi Alpha– Phi Beta Epsilon– Phi Delta Theta– Phi Kappa Sigma– Phi Kappa Theta– Phi Sigma Kappa– Pi Lambda Phi– pika– Sigma Chi– Sigma Nu– Sigma Phi Epsilon– Student House
• Members (continued)– Tau Epsilon Phi– Theta Chi– Theta Delta Chi– Theta Xi– Zeta Psi
• Board of Directors– Dan Geer, [email protected] (TDC)– Bruce Lundie, [email protected] (PKS)– Steve Summit, [email protected] (pika)– Lisa Tatterson, [email protected] (ACO)– Mark Thompson, [email protected] (ADP)
• Officers– President: Mark Thompson, [email protected]
(ADP)– Treasurer: Bruce Lundie, [email protected] (PKS)– Clerk: Steve Summit, [email protected] (pika)
• Employees– Chris Rezek, Executive Director– Charley Mills, Bookkeeper
Benefits
• Lower prices
• Better service
• One bill to pay each month
• Never lose another invoice
• Staff can follow-up with vendors
• Utility payment program
• IRDF & transition funding advice
Any questions?
FSILG Cooperative, Inc.
Online Tools
January 20, 2005
Online Tools
• Main Site
• Contact Management
• Invoice Review
• Document Storage
• Satisfaction Survey
Main Site
Main Site
• Vendor menu
• FAQs for members and vendors
• IAP course materials
• Special programs
• Newsletters
• List of members
• Contact information
Contact Management
Contact Management
• Keep list of contacts current
• Officers
• Purchasers
• Undergrads
• Alums
Invoice Review
Invoice Review
• View full-color PDF scans of all invoices
• Review invoices weekly
• Browse all invoices
• Sort by date or vendor
Document Storage
Document Storage
• Review monthly statements
• Estimates and proposals from contractors
• VFA facility condition report
• IRDF applications
• INSITE floor plans for IRDF grants
Satisfaction Survey
Satisfaction Survey
• Feedback on vendors
• Feedback on FCI
• Recommend new vendors
Any questions?