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Walmart is making major changes that will impact all Walmart Suppliers. Brace yourself for the possibility of significant increases in deductions claims. What you need to know and do on this episode of "The Savvy Supplier"!

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

Keywords

#FinancialFitness #RetailSuppliers #WalmartSuppliers #Deductions #cashflow, #compliance #Retail #HRG-audit #businessgrowth #PartnerwithPros #Profits

Summary

In this episode of the Savvy Supplier, Boyd Evert, Jon Allen and Al Frank discuss the importance of having a financial fitness plan for suppliers, especially at the start of the new year. They explore various strategies to cut unnecessary deductions, build compliance endurance, manage cash flow, and the benefits of partnering with professionals to enhance business growth. Jon Allen from Woodridge Retail Group shares insights on how suppliers can recover lost revenue and improve their financial health, along with a special 50% discount offer from HRG to handle your Shortages!

Takeaways

• Having a financial fitness plan is essential for suppliers.
• Cutting dead weight from deductions can significantly improve profits.
• Many compliance violations are disputable and can be managed effectively.
• Cash flow management is critical for business sustainability.
• Partnering with professionals can free up time and resources for suppliers.
• Understanding the nuances of different retailers is key to successful dispute resolution.
• Suppliers often face challenges with debit balances due to deductions.
• A proactive approach to compliance can lead to fewer deductions.
• The right partnerships can unlock significant cash flow for suppliers.
• Special offers can provide substantial savings and improve financial health.

Titles

• Maximizing Profits: The Financial Fitness Plan for Suppliers
• Cutting Dead Weight: A Key to Financial Success

Sound Bites

• "Cutting the dead weight is crucial."
• "This offer is a game changer."
• "Wiser decisions, fewer deductions."

Chapters

00:00

Introduction to Financial Fitness Plans

02:45

Cutting the Dead Weight: Deductions Explained

05:47

Building Endurance: Mastering Compliance

08:27

Strengthening Your Core: Cash Flow Management

11:30

Partnering with Professionals for Success

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

Excessive Defectives are slicing into the bottom line of Retail Suppliers…and the problem is about to get worse in 2025. Find out what you should do about it on this episode of “The Savvy Supplier” Podcast.

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

In this episode of The Savvy Supplier, Boyd Evert & Al Frank discuss the complexities of special buys in retail, including their purposes, potential pitfalls, and the importance of price protection. They delve into the challenges suppliers face with pricing discrepancies, the necessity of clear communication, and effective management of returns. The conversation emphasizes actionable strategies for suppliers to navigate these challenges and ensure better outcomes in their retail partnerships.

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

In this episode of the Savvy Supplier, Boyd Evert & Al Frank discuss the critical aspects of mergers and acquisitions that retail suppliers need know...including some Hidden Challenges that are often overlooked. They delve intoissues faced during these transitions, including the complexities of product returns, invoicing challenges, hidden allowances, and the impact of promotional strategies. The conversation emphasizes the importance of understanding the most favored nation clause and aligning pricing strategies to avoid potential pitfalls.

Takeaways

• Retail suppliers must understand the implications of mergers and acquisitions.
• Confidentiality agreements can obscure critical information from suppliers.
• The most favored nation clause can lead to disputes post-merger.
• Product returns become more complicated during mergers.
• Invoicing issues can arise from different EDI codes and allowances.
• Hidden allowances can significantly impact supplier funding.
• Discounts and allowances need careful management during mergers.
• Promotional strategies must be aligned to avoid confusion.
• Communication is key to navigating post-merger challenges.
• Suppliers should prepare for potential pricing claims due to freight factors.

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

Boyd Evert & Al Frank discuss Walgreens' announcement to close approximately 1,200 stores over the next three years, analyzing the implications for retail suppliers. Boyd provides insights on how suppliers can prepare for potential inventory challenges and deductions resulting from these closures. The conversation emphasizes the importance of proactive communication with buyers and strategic funding to navigate the upcoming changes in the retail landscape.

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"

Send us a text

In this Premiere Episode of "The Savvy Supplier", Boyd Evert & Al Frank prepare you for the complexities of post-audit claims in the retail industry. They discuss the challenges suppliers face in managing deduction claims and the appeal process for disputed claims. The conversation highlights the burden of proof placed on suppliers and offers insights into Best Practices for preparing for post audits. The discussion emphasizes the importance of effective communication and documentation in navigating the post audit landscape.

Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

#RetailSupplierDeductions
#RetailSupplier
#Post-AuditClaims
#HRG

"Wiser Decisions, Fewer Deductions"