Send us 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 fragmented deductions.
- Strategic focus on categories, not just large deductions.
- Balancing Cost Management and Product Quality:
- Collaborative efforts with the supply chain and customer officers.
- Case studies: Snapper mowers and Nike's strategic decisions with Walmart.
- Negotiating Retailer Terms Without Jeopardizing Relationships:
- Common retailer tactics and how CFOs can prepare.
- Maintaining strong partnerships while negotiating better terms.
- Leveraging Data Analytics:
- How CFOs can use data to identify cost drivers and reduce deductions.
- Examples of data-driven decisions leading to cost-saving revelations.
- Building Financial Resilience Amid Economic Uncertainty:
- Strategies like forward buying and improved accruals management.
- Avoiding one-time write-offs through proactive financial planning.
- Advice for New CFOs:
- The value of diving deep into specific business areas.
- Transformational insights from thorough analysis.
Closing Remarks:
- Al Frank and Boyd Evert emphasize the indispensable role of CFOs.
- HRG offers free strategy calls for tailored financial guidance.
Contact HRG:
Subscribe:
Stay informed with the latest strategies for Savvy Suppliers. Subscribe now to 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"
