The Savvy Supplier Podcast

Send a text From a Walmart Post-Audit Surge⚡ to Shutdown Shockwaves🎢  to 50-year Mortgage Math➕ a Black Friday Forecast, this podcast episode is packed with news you can use!  Boyd & Al also delve into the new complexities of the retail industry and offer some encouragement to retail suppliers facing these challenges. Keywords #Walmart, #WalmartSuppliers, #RevenueDeductions, #GovernmentShut...

Send a text In this episode of The Savvy Supplier, Boyd Evert, CEO of HRG, and Kevin Stewart, Partner at Crowe, discuss the uncertain future of tariffs and effective strategies for risk mitigation. With the U.S. Supreme Court set to hear vital tariff cases the day after their Plenary Session at the RVCF conference, this conversation is timely and packed with insights crucial for Suppliers & Re...

Send a text Kevin Stewart from Crowe joins Boyd & Al as they delve into the challenges faced by accounting teams amidst tariff uncertainties. Discover insights on risk management, financial reporting, and strategic planning to safeguard your business. #Tariffs, #Accounting, #RiskManagement, #FinancialReporting, #StrategicPlanning Takeaways:  Stick to your process and playbook amidst uncertaint...

Send a text Keywords finance teams, audit-ready, deductions management, accounting pitfalls, tariffs, internal alignment, documentation, growth strategies, risk management, supplier insights Summary In this episode of The Savvy Supplier, Al & Boyd talk with Kevin Stewart from Crowe, a Global Accounting Firm,  about the importance of building audit-ready finance teams, managing deductions effec...

Send a text In this episode of "The Savvy Supplier," we delve into the potential chaos that could ensue if the Supreme Court rules that Billions in tariffs must be returned. Join Al Frank and Boyd Evert as they explore the complexities of tariff refunds, the ripple effects on inventory costs, and the looming threat of lawsuits. Discover why documenting every step and understanding risk e...

Send a text St. Louis vs. Kansas City? Miami vs. Des Moines?  Colorado Springs vs Coral Springs? Who are the Winners & Losers in these Battles over Excessive Defectives?  Boyd Evert & Al Frank explore various case studies, highlighting the impact of store management, employee training, local regulations, and environmental conditions on product quality and defectives claims. Ultimately, the...

Send a text What are the implications of newly imposed 50% tariffs on a wide range of consumer goods?  Will it threaten Black Friday sales?  Al Frank & HRG CEO Boyd Evert discuss the market uncertainty and the potential impact on consumer behavior. Boyd emphasizes the need for suppliers to take proactive measures and offers Suppliers a FREE RISK ANALYSIS to help them navigate the challenges po...

Send a text With 30% tariffs on Mexican imports and 35% on Canadian goods potentially going into effect this Friday, the landscape for retail suppliers could shift dramatically. We explore the potential ripple effects on pricing, supply chains, and the broader economic implications. Keywords #tariffs, #retailsupplier, #supplychain, #pricing, #HRG, #CanadaTariffs, #MexicoTariffs, #tradedeals, #cons...

Send a text Discover overlooked secrets to enhance profitability and become a more savvy CEO. Learn how to tackle revenue deductions, optimize resource allocation, and maintain strong retail partnerships. Key Takeaways: The importance of visibility into cost drivers; Strategies for reducing excessive defective claims; Navigating the complexities of on-time-in-full delivery rates; Maintaining stron...

Send a text What are the implications of #BoomerangTariffs for the #retailsupplier ?What are the challenges they face on pricing strategies?  How can you leverage communication with the Retailer?  How can you mine the data that is so essential in these uncertain times?  #HRG CEO Boyd Evert & Al Frank explore how tariffs could lead to potential unintended consequences for various industries.  T...

Send a text Key Discussion Points:   Revenue Leaks from Invalid Deductions: CFO strategies to prevent revenue loss. Importance of under tolerance reports to identify unnoticed deductions. Real-life case: Over $6 million identified in under tolerance deductions in the health and beauty sector. Root Cause Analysis for Deductions:   Identifying patterns in shortages, excessive defectives, and fragmen...

Send a text In this episode of The Savvy Supplier, Boyd Evert and Al Frank discuss the common EDI errors that retail suppliers face, emphasizing the importance of understanding and monitoring EDI transactions. They explore the role of EDI translators, the impact of communication breakdowns between suppliers and retailers, and the necessity of having third-party monitoring to ensure accurate transa...

Send a text Boyd Evert & Al Frank discuss the potential traps that #RetailSuppliers face at the end of the quarter.  Also, they share lessons learned from the #COVID19 pandemic, emphasize the importance of #BestPractices training, and provide strategic advice for suppliers navigating uncertain times. The conversation highlights the need for clear communication, understanding the audience, and...

Send a text Summary In this episode of The #SavvySupplier, Boyd Evert & Al Frank discuss the recent decision by Sam's Club to automatically deduct all post-audit claims under $100,000. They explore the implications of this change for suppliers, the historical context of automatic deductions in retail, and best practices for suppliers to mitigate the impact of these deductions. The convers...

Send a text Summary In this episode of The Savvy Supplier, Boyd Evert & Al Frank discuss how suppliers, particularly 3M, are navigating the challenges posed by tariffs. They explore strategies for building resilience in supply chains, the importance of inventory management, and the complexities of quality control in multi-sourcing. The conversation also highlights the culture of 3M, emphasizin...

Send a text In this episode of The Savvy Supplier, Boyd Evert & Al Frank discuss the recent 90-day tariff reset between the U.S. and China, its implications for suppliers, and strategies for navigating the changing landscape. They emphasize the importance of understanding pricing strategies, forecasting, and the need for expert guidance in a volatile market.  #TariffsReset #UnitedStates&Ch...

Send a text In this episode of #TheSavvySupplier, HRG CEO Boyd Evert & Al Frank are joined by Woodridge Retail Group CEO Jon Allen, and they discuss the implications of #Tariffs for #RetailSuppliers. They share how the lessons learned from the #2018TradeWar between the United States and #China can help Suppliers to know the most likely path forward in 2025. They emphasize the importance of com...

Send a text In this episode of The Savvy Supplier, HRG CEO Boyd Evert and Al Frank discuss the current landscape of tariffs and their implications for suppliers. They explore the shared burden of tariffs among suppliers, retailers, and consumers, and the challenges of forecasting in an uncertain environment. The conversation delves into pricing strategies, inventory management, and the vulnerabili...

Send a text n this episode of #TheSavvySupplier, Al Frank and Boyd Evert discuss a cautionary tale about a Major #RetailSupplier that was losing a Million Dollars every month due to a misunderstanding regarding #CashDiscounts and #EDIerrors. They explore how HRG uncovered the issue, the challenges faced in disputing the #DeductionsClaims with the #retailer and the importance of building trust in s...

Send a text Supplier, can you imagine getting this totally unexpected phone message: "You're about to get back $3 Million Dollars of lost revenue!"   Boyd Evert tells the True Story of a Retail Supplier facing significant deductions, lost bonuses and potential layoffs...until the experts at HRG did what only they can do.  This Case Study highlights the complexities of #Deductions, t...

Send 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 damag...

Send 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 insight...

Send 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...

Send 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 hel...

Send 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 actiona...