What do Retail Suppliers need to know (& DO) about Special Buys?

The Savvy Supplier Podcast

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This Is Woman's Work with Nicole Kalil

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Together, we're redefining what it means, looks and feels like, to be doing "woman's work" in the world today. With confidence and the occasional rant. From boardrooms to studios, kitchens to coding dens, we explore the multifaceted experiences of today's woman, confirming that the new definition of "woman's work" is whatever feels authentic, true, and right for you. We're shedding expectations, setting aside the "shoulds", giving our finger to the "supposed tos". We're torching the old playbook and writing our own rules. Who runs the world? You decide. Learn more at nicolekalil.com

منذ عام واحد 14:31

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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"

8 حلقات

#Business #Boyd Evert & Al Frank #Al Frank #Boyd Evert

What do Retail Suppliers need to know (& DO) about Special Buys?

The Savvy Supplier Podcast

published منذ عام واحد

MP3•منزل الحلقة

Send us a text

8 حلقات

#Business #Boyd Evert & Al Frank #Al Frank #Boyd Evert

كل الحلقات

1
Walmart's new Automatic Deductions (& the Strategic Moves Suppliers need to make!) 8:27

منذ 6 أيام8:27

8:27

Send us a text In this episode of the Savvy Supplier, hosts Boyd Evert and Al Frank discuss Walmart's upcoming changes to its deduction policies for 2025, focusing on the shift from quarterly to monthly deductions and the implications for suppliers. They explore the potential challenges suppliers may face, including increased invalid deductions and the need for strategic planning to manage damages and defectives. The conversation emphasizes the importance of preparation and collaboration with audit firms to navigate these changes effectively. Takeaways Walmart is implementing more automatic deductions starting in 2025. The shift from quarterly to monthly deductions will impact suppliers significantly. Suppliers may face increased invalid deductions due to the new policies. Understanding root causes of damages and defectives is crucial for suppliers. Suppliers should evaluate their accruals to protect against unexpected write-offs. Collaboration with audit firms can help suppliers manage these changes. The changes may lead to increased costs for suppliers, affecting pricing. Suppliers need to be proactive in addressing damages and defectives. The conversation highlights the importance of strategic planning for suppliers. Staying informed and connected with resources like HRG is essential for suppliers. Sound Bites "If this causes a large increase in deductions..." "We've spent a lot of time in the batting cage." "Don't try to go it alone." Chapters 00:00 Walmart's New Deduction Policies for 2025 05:58 Strategic Moves for Suppliers 07:26 Preparing for Changes Ahead 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"…

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How will Walmart's Audit Changes impact all Suppliers? 11:54

منذ 13 يومًا11:54

11:54

Send us a text 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"…

1
The Retail Supplier Financial Fitness Plan 12:20

منذ 8 weeks12:20

12:20

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"…

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What do Retail Suppliers need to know about Excessive Defectives? 17:45

منذ 13 weeks17:45

17:45

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"…

1
What do Retail Suppliers need to know (& DO) about Special Buys? 14:31

منذ 16 weeks14:31

14:31

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"…

1
What are the Hidden Challenges of Mergers & Acquisitions for Retail Suppliers? 17:01

منذ 17 weeks17:01

17:01

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"…

1
Walgreens Closures & Strategic Moves for Suppliers 10:40

منذ 19 weeks10:40

10:40

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"…

1
Preparing Suppliers for Post-Audit Success 22:01

منذ 20 weeks22:01

22:01

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"…

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This Is Woman's Work with Nicole Kalil

The Savvy Supplier Podcast « »
What do Retail Suppliers need to know (& DO) about Special Buys?

What do Retail Suppliers need to know (& DO) about Special Buys?

المدونة الصوتية تستحق الاستماع

كل الحلقات

1
Walmart's new Automatic Deductions (& the Strategic Moves Suppliers need to make!) 8:27

1
How will Walmart's Audit Changes impact all Suppliers? 11:54

1
The Retail Supplier Financial Fitness Plan 12:20

1
What do Retail Suppliers need to know about Excessive Defectives? 17:45

1
What do Retail Suppliers need to know (& DO) about Special Buys? 14:31

1
What are the Hidden Challenges of Mergers & Acquisitions for Retail Suppliers? 17:01

1
Walgreens Closures & Strategic Moves for Suppliers 10:40

1
Preparing Suppliers for Post-Audit Success 22:01

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The Savvy Supplier Podcast « » What do Retail Suppliers need to know (& DO) about Special Buys?

What do Retail Suppliers need to know (& DO) about Special Buys?

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مرحبًا بك في مشغل أف ام!

Mighty Patch™ Original patch from Hero Cosmetics - Hydrocolloid Acne Pimple Patch for Covering Zits and Blemishes in Face and Skin, Vegan-friendly and Not Tested on Animals (36 Count)

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What do Retail Suppliers need to know (& DO) about Special Buys?