Supply Chain Consultant Insights: Does Your Inventory Sawtooth Make You Smile?
Some of the levers that drive inventory levels and management are easier to pull than others. An Inventory Planning system is certainly helpful because it constantly reviews your positions, effectively driving-out the review cycle time. But an Inventory Planning system isn’t required to manage your inventory better. Our expertise in supply chain consulting includes related […]
Supply Chain Consulting Insights: Inflationary Impact on Re-shoring
Global supply chain disruptions and geo-political events have caused a resurgence in interest around re-shoring or near-shoring, defined as transferring business operations (manufacturing) back to or near to the U.S. For ease of reading, we will refer to “re-shoring” to cover both re-shoring, and near-shoring. Here we will examine the key considerations when deciding if […]
Thinking Strategically About Freight: The Role of Supply Chain Consulting in Gaining More Margin
There’s no denying the fact that freight and storage are a cost that can be somewhat unpredictable and highly impactful to your margins if not thoughtfully approached.
4 Tips For Running More Effective RFPs in Supply Chain Consulting
Not familiar with this supply chain TLA? (Three Letter Acronym) A Request for Proposal is asking a supplier to quote pricing for a good or service. It may be called an RFQ, an RFX, or a Bid. Different names for the same concept. RFPs are a major part of every procurement group’s responsibility. They can […]
US Truck Market Projections For 2024
The truck transportation market in the US has a natural oscillation between supply and demand for trucked shipments, driving freight pricing up or down. This is normal and has happened for decades. In this overview, we’ll look at the trucking industry’s current trends and future projections that interplay with the broader supply chain landscape. Trends […]
4 Steps for Supply Chain Process Improvement
In today’s competitive business landscape, staying efficient is essential for success. In order to do so, businesses operating with complex supply chains need to continuously optimize their processes in order to maintain a competitive edge. Supply chain process improvements not only enhance efficiency but also drive cost savings, increase customer satisfaction, and support overall business […]
The Costs That Live In The Shadows: Indirect Spend
Let’s talk about indirect spend. At Waypost Advisors, indirect spend is something that’s near and dear to our hearts because we know the problems it can cause and the opportunities it can bring. Indirect spend is one of those underrated aspects of business management that tends to fly under the radar. Even so, while often […]
Capacity Planning: A Superpower for Manufacturing Leaders
You know that supply chain planning activities are frequently missing from organizations. Attention is often given to demand and inventory planning while overlooking the benefits of capacity planning. Let’s explore two examples of capacity planning, what it is, and how it pays to explore this area of your business. Capacity Planning is the process of […]
The Turkey Supply Chain
As we gather with family and friends this Thanksgiving season, we want to recognize the incredible efforts of turkey producers, processors, and logistics professionals who make sure the centerpiece of the Thanksgiving feast is available at your local grocer. The United States is the world’s largest producer, exporter, and consumer of whole turkeys, with approximately […]
Greatest Supply Chain Insights from the Last 6 Months of 2024
At Waypost Advisors, we are fortunate to work with a wide range of manufacturing companies, giving us unique insights into trends and best practices across industries. As 2024 comes to a close, we want to share the key supply chain solutions we’ve observed that could inspire improvements in your organization for 2025. Who We Work […]
Santa’s Supply Chain: A Christmas Miracle
Santa’s supply chain is a global marvel, ensuring billions of presents are delivered flawlessly each Christmas Eve. Here’s how Santa leverages supply chain solutions and teamwork to make the magic happen: Demand Forecasting Santa’s elves track children’s wishes year-round, analyzing toy trends and regional demand. Advanced analytics ensure accurate predictions for every child’s dream gift. […]
4 Ways to Tell If There Are Costs to Squeeze Out of Your Supply Chain
As we approach 2025, uncertainty around economic growth is top of mind for many business leaders. Industry trends suggest that the coming year will be a time to focus on optimizing operations and making supply chains as efficient and cost-effective as possible. Forward-thinking companies are already adopting strategies to streamline their supply chains and reduce […]