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John King: Inside the Success of FP&A at Walmart

John King: Inside the Success of FP&A at Walmart

FromFP&A Today


John King: Inside the Success of FP&A at Walmart

FromFP&A Today

ratings:
Length:
48 minutes
Released:
Aug 23, 2022
Format:
Podcast episode

Description

 
John King, Senior Manager, Analytics & Insights, Private Brands at Walmart reveals how the largest US retailer makes use of a “firehose” of data. This amounts (according to some estimates) to 2.5 petabytes of unstructured data from 1 million customers every hour. 
 
Walmart’s FP&A unit ensures this potentially limitless information provide instant business decisions for the US retail giant.
 
First John explains his path to being an FP&A leader, starting as a Geographic Information Systems (GIS analyst) at Tradewind Energy in Kansas. 
 
Here his love and appreciation for technology - which plays a central role at Walmart- was born. John's passion for technology saw him thrive at his roles at two of Walmart’s FP&A divisions: Realty Market Strategy, and now Private Brands. Private brands - a good that is manufactured for and sold by Walmart competing with brand-name products is a huge source of data and revenue. In fact,18 of Walmart’s private brands do more than $1 billion in sales and its largest name, Great Value does more than $27 billion a year globally.
 
In this interview John speaks about the intersection of FP&A and business-decisions at Walmart and his career.
 
His passion for technology and the tech stack used at Walmart 
The core metrics which Walmart judges FP&A on and what other retailers can learn 
How to get insights for the business “today or tomorrow” through dimensional modeling 
How to keep focus on the most important data in the face of potentially limitless consumer data
As both a Python and Excel expert, whether FP&A leaders need to know Python, Excel or both?
The importance of taking logic and analysis to the data - rather than the other way around
The most important advice for anyone starting in FP&A to succeed 

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Datarails is the financial planning and analysis platform that automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models.
With Datarails  you get improved data integrity and visibility helping your relationships with your internal business partners and external stakeholders; real-time latest version of all your company’s data in one place, with version control, audit trail and records, ensuring errors and multiple versions are avoided; the ability to let your data tell your story through proprietary, built-in visualization of critical KPIs in real-down; and drill-downs to answer questions on underlying data on the spot.
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Read the Full Program Transcript
Watch the Full Episode on YouTube
To suggest a great guest for the show, or if you would like to be the FP&A Leader being interviewed contact jonathan.m@datarails.com
Released:
Aug 23, 2022
Format:
Podcast episode

Titles in the series (100)

FP&A Today is the podcast for Financial Planning and Analysis. The weekly show dives into the challenges and opportunities within the world of FP&A, interviewing FP&A leaders, CFOs and other finance pros in order to give you the freshest insights and takeaways. Each week our top guests provide actionable advice about financial planning and analysis – from career goals to navigating challenges, and powerful Excel tips. Our weekly show provides unrivalled insights for navigating FP&A. FP&A Today is brought to you by Datarails. Datarails is the AI-powered Financial Planning and Analysis platform for Excel users.