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The Savvy Supplier Podcast30% Tariffs on Mexico/EU? 35% on Canada? BIG Impact on Retail Suppliers???Send us a textWith 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, #consumerimpactSummaryThe conversation delves into the implications of upcoming tariffs on imports from Mexico, the EU, and Canada, focusing on how retail suppliers should prepare for potential price increases and supply chain disruptions...2025-07-2906 minThe Savvy Supplier PodcastSavvy CEO Strategies: How to Reduce your Revenue DeductionsSend us a textDiscover 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 strong relationships with retail partners while defending against invalid chargebacks. #Leadership #BusinessStrategy #RevenueManagement #retailsuppliers #RetailDeductions Call to Action: Tune in to gain insights that could transform your business approach. Don't miss out on these valuable strategies!...2025-07-2415 minThe Savvy Supplier PodcastBoomerang Tariffs! What should Savvy Suppliers do!Send us a textWhat 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. TakeawaysBoomerang tariffs can significantly impact suppliers' pricing strategies.Suppliers need to maintain open communication with retailers.Documenting conversations and decisions is crucial during tariff changes....2025-07-1712 minThe Savvy Supplier PodcastCFO Strategies for Plugging Revenue Leaks!Send us a textKey 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 str...2025-07-0217 minThe Savvy Supplier PodcastRetail Supplier, are you falling prey to the Silent P&L Killer (EDI ERRORS!)???Send us a textIn 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 transactions and recover lost funds. The conversation highlights the need for suppliers to be proactive in managing their EDI systems to avoid costly discrepancies.TakeawaysEDI errors are often undetected and costly...2025-06-1711 minThe Savvy Supplier PodcastRetail Supplier, are you falling prey to the Silent P&L Killer (EDI ERRORS!)???Send us a textIn this episode of The #SavvySupplier , Boyd Evert & Al Frank discuss the common #EDIErrors 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 transactions and recover lost funds. The conversation highlights the need for suppliers to be proactive in managing their EDI systems to avoid costly discrepancies.Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever...2025-06-1713 minThe Savvy Supplier PodcastBeware of the End of Quarter Trap!Send us a textBoyd 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 being proactive in addressing potential issues. #RevenueRecovery #PostAudit Takeaways* Suppliers must be aware of end of quarter traps.* Clear communication with auditors is essential.* Lessons from COVID-19 can help suppliers today....2025-06-1212 minThe Savvy Supplier PodcastSam’s Club Automatic Deductions on all Post-Audit Claims under $100K (and what Retail Suppliers should do)Send us a textSummaryIn 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 conversation also touches on the potential for other retailers to adopt similar practices and the importance of clear communication between suppliers and buyers.TakeawaysSam's Club is now automatically...2025-06-0308 minThe Savvy Supplier PodcastNavigating Tariffs: What Suppliers can learn from the Strategic Brilliance of 3MSend us a textSummaryIn 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, emphasizing their adaptability and commitment to best practices. Finally, they address the necessity of pivoting away from high-tariff suppliers to ensure a fault-tolerant supply chain.#Tariffs #SupplyChain #3M #Resilience #InventoryManagement #QualityControl #BusinessCulture #Multi-Sourcing #S...2025-05-2018 minThe Savvy Supplier PodcastThe U.S.-China Tariffs Reset & what Retail Suppliers should do ASAP!Send us a textIn 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&China #RetailSupplier #Deductions #BestPracticesTakeawaysThe 90-day tariff reset offers a temporary relief for suppliers.Suppliers should reassess their pricing strategies during this period.Forecasting will be crucial as companies adjust to new t...2025-05-1310 minThe Savvy Supplier PodcastHow Savvy Suppliers can Survive & Thrive during the Tariffs Whiplash!Send us a textIn 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 communication, understanding costs, and the need for suppliers to adapt their #SourcingStrategies in light of current economic uncertainties. The conversation also touches on the potential for #FutureTradeAgreements and the necessity for suppliers to...2025-04-2919 minThe Savvy Supplier PodcastTariffs Insights every Retail Supplier must Hear!Send us a textIn 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 vulnerabilities of supply chains, particularly in consumer electronics. Boyd offers practical advice for suppliers on how to navigate these challenges and emphasizes the importance of communication and partnership with retailers.TakeawaysSuppliers...2025-04-2216 minThe Savvy Supplier PodcastRetail Supplier, are you making "The Million Dollar Monthly Mistake"?Send us a textn 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 supplier relationships. The conversation highlights the need for suppliers to be aware of potential funding errors and the value of having expert guidance to recover lost revenue. #HRG Takeaways...2025-03-1420 minThe Savvy Supplier PodcastRetail Supplier, are you making "The Million Dollar Monthly Mistake"?Send us a textIn this episode of The Savvy Supplier, Boyd Evert and Al Frank discuss a cautionary tale about a Major Retail Supplier that was losing a million dollars every month due to a misunderstanding regarding cash discounts and EDI errors. They explore how HRG uncovered the problem and recovered lost revenue for the Supplier. They discuss the challenges faced in disputing the claims with the retailer, and the importance of building trust in supplier relationships. The conversation highlights the need for suppliers to be aware of potential funding errors and the value of having e...2025-03-1422 minThe Savvy Supplier PodcastThis Podcast could save your Company MILLION$!Send us a textSupplier, 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, the emotional toll on #RetailSuppliers, and the importance of tactful communication in Supplier-Retailer relationships. This same expert guidance is available to you, Supplier...and it could save you Millions as well! Tak...2025-03-0617 minThe Savvy Supplier PodcastWalmart's new Automatic Deductions (& the Strategic Moves Suppliers need to make!)Send us a textIn 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.TakeawaysWalmart is implementing more automatic deductions starting in 2025.The shift from...2025-02-2508 minThe Savvy Supplier PodcastHow will Walmart's Audit Changes impact all Suppliers?Send us a textWalmart 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 f...2025-02-1811 minThe Savvy Supplier PodcastThe Retail Supplier Financial Fitness PlanSend us a textKeywords#FinancialFitness #RetailSuppliers #WalmartSuppliers #Deductions #cashflow, #compliance #Retail #HRG-audit #businessgrowth #PartnerwithPros #Profits SummaryIn 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 re...2025-01-0912 minThe Savvy Supplier PodcastWhat do Retail Suppliers need to know about Excessive Defectives?Send us a textExcessive 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 t...2024-12-0517 minThe Savvy Supplier PodcastWhat do Retail Suppliers need to know (& DO) about Special Buys?Send us a textIn 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 di...2024-11-1214 minThe Savvy Supplier PodcastWhat are the Hidden Challenges of Mergers & Acquisitions for Retail Suppliers?Send us a textIn 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.TakeawaysRetail suppliers must understand the implications of mergers and acquisitions.Confidentiality agreements...2024-11-0617 minThe Savvy Supplier PodcastWalgreens Closures & Strategic Moves for SuppliersSend us a textBoyd 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 reta...2024-10-2410 minThe Savvy Supplier PodcastPreparing Suppliers for Post-Audit SuccessSend us a textIn 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 r...2024-10-1822 min