The Savvy Supplier Podcast

Walmart Post-Audit Surge? 50-year Mortgages? Black Friday Forecast?

Send a text [https://www.buzzsprout.com/twilio/text_messages/2380383/open_sms] 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, #GovernmentShutdown, #50yearMortgages, #BlackFriday, #retailindustry, #postauditclaims, #economicimpact, #consumerconfidence, #HRGAudit, #retailsuppliers Takeaways * The end of the government shutdown could boost the U.S. economy. * 50-year mortgages might increase consumer spending. * Black Friday's success is crucial for supplier confidence. * Walmart suppliers face complex year-end post-audit claims. * Retail industry complexity is increasing with new claim types. * HRG offers support to suppliers dealing with claim complexities. * Consumer confidence is key to economic recovery. * Retail suppliers should focus on current business, not past performance. * Tariffs and their impact on retailing are a major concern. * HRG-audit.com is a resource for retail suppliers. Chapters * 00:00:00 Introduction and Government Shutdown * 00:00:00 50-Year Mortgages and Economic Impact * 00:00:00 Black Friday Outlook * 00:00:00 Walmart's Year-End Audit Challenges * 00:00:00 Retail Industry Complexity * 00:00:00 Encouragement for Retail Suppliers 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"

Tariffs Risk Mitigation: a Preview of a Major Conference Strategy Session w/Boyd & Kevin

Send a text [https://www.buzzsprout.com/twilio/text_messages/2380383/open_sms] 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 & Retailers alike. --- #### Key Topics Discussed: - **Impact of Tariffs on Pricing:**   - Understanding how tariffs affect pricing structures across the supply chain.   - Who will absorb tariff costs? - **Inventory Management Strategies:**   - How to manage inventory levels in light of tariff-induced price changes.   - The importance of proactive buying ahead of tariff implementation. - **Case Studies and Real-World Examples:**   - Analysis of past instances where tariffs significantly impacted pricing and inventory, particularly in consumer electronics and automotive sectors.   - Lessons learned from 2018 demand surges and their implications for current strategies. - **Communication and Alignment:**   - The necessity for cross-departmental alignment among sales, finance, and supply chain teams.   - Strategies for ensuring that all parties are on the same page regarding pricing and inventory management. - **Key Takeaways for Conference Attendees:**   - Focus on controllable factors amid volatility.   - Importance of governance and rapid response strategies.   - The need for effective communication and management of pricing deviations. --- - Register now to see Boyd & Kevin's Talk at the RVCF Conference at www.RVCF.com --- #### Episode Highlights: Discussion of the upcoming Supreme Court hearing on tariffs. Insights on managing inventory levels during tariff fluctuations. The role of communication in effective risk management. Key Takeaways for suppliers and retailers. --- #### Subscribe & Review: If you enjoyed this episode, please subscribe and leave a review! Your feedback helps us reach more listeners and grow our community. **Follow Us:**  HRG-Audit.com - Website: [Your Website Link] - Facebook: [Your Facebook Link] - Twitter: [Your Twitter Link] - LinkedIn: [Your LinkedIn Link] --- **Thank you for listening to The Savvy Supplier!** Our goal is to help you save Time & Money.  "Wiser Decisions, Fewer Deductions"  See you next time! 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"

Dealing with Tariffs Uncertainty? What's your Action Plan?

Send a text [https://www.buzzsprout.com/twilio/text_messages/2380383/open_sms] 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:  1. Stick to your process and playbook amidst uncertainty. 2. Understand the impact of tariffs on suppliers and customers. 3. Evaluate contract terms and their implications on pricing. 4. Develop a plan of action to manage financial risks. 5. Consider the variability in pricing and its effect on revenue. 6. Build strong relationships with suppliers and customers. 7. Use scenario planning to anticipate potential challenges. 8. Collaborate with legal and finance teams for informed decision-making. 9. Define a playbook for consistent and disciplined decision-making. 10. Engage in open communication with stakeholders. Chapters: * [00:00] Introduction and Overview * [01:00] Challenges in Accounting Amidst Tariff Uncertainty * [05:00] Impact on Suppliers and Customers * [10:00] Strategies for Risk Management * [15:00] Importance of Contracts and Pricing * [20:00] Scenario Planning and Forecasting * [25:00] Building Strong Relationships * [30:00] Conclusion and Special Offer 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"

How to Build an Audit-Ready Finance Team

Send a text [https://www.buzzsprout.com/twilio/text_messages/2380383/open_sms] 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 effectively, and navigating the complexities of tariffs. They explore common accounting pitfalls, the significance of internal alignment, and the necessity of proper documentation. The conversation highlights the need for finance teams to be proactive in risk management and to adapt to market changes while maintaining a stable and structured approach to accounting processes. Takeaways * Managing your own function effectively is key to handling deductions. * Understanding costs is crucial to avoid financial pitfalls. * CFOs dislike surprises; clarity in financial processes is essential. * Communication between finance and sales teams is vital for success. * Being audit-ready means being prepared for change and uncertainty. * Documentation is often overlooked but is critical for financial integrity. * Growth requires a shift in finance team structure and processes. * Internal alignment can prevent costly mistakes in pricing and deductions. * Proactive risk management is essential for finance teams. * Investing in proper systems can save significant costs in the long run. Titles * Building Audit-Ready Finance Teams * Mastering Deductions Management Sound Bites * "Everyone hates surprises, especially CFOs." * "We should be the lighthouse in the ocean." * "I see concern, not panic, in the market." Chapters 00:00 Building Audit-Ready Finance Teams 01:39 Managing Deductions Effectively 03:25 Common Accounting Pitfalls 04:48 Navigating Tariffs and Their Impact 06:36 Internal Team Alignment 12:28 Trends in Deductions Management 14:35 Addressing Concerns in the Market 15:39 Importance of Documentation 17:10 Transitioning Companies and Growth Challenges 22:18 Driving Culture in Finance Teams 25:01 The Role of CFOs in Risk Management 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"

What if the Supreme Court rules $BILLIONS in Tariffs must be RETURNED? Utter Chaos???

Send a text [https://www.buzzsprout.com/twilio/text_messages/2380383/open_sms] 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 exposure is crucial for suppliers navigating these turbulent times. Tune in to gain insights and strategies to safeguard your business in an uncertain economic landscape. Call to Action: For a free Tariffs Risk Analysis, contact HRG at HRG-audit.com to identify risk exposure, assess financial impacts, and implement mitigation strategies. Hashtags: #Tariffs #SupremeCourt #SupplyChain #BusinessStrategy 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"