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 With
Our clients are primarily U.S.-based manufacturing and distribution companies, ranging in size from $100 million to $1 billion in revenue. These companies are a mix of privately held, PE-owned, and publicly traded businesses. While we primarily serve B2B manufacturing organizations, we also work with consumer goods manufacturers.
Common Challenges Companies Faced in the Last 6 Months
Maximizing ERP Utilization
Many companies approach us when they are seeking to implement a new system, like WMS, or replace an ERP entirely. However, we’ve found that optimizing existing technology can often achieve the same results at a fraction of the cost. Before investing in new systems, assess your current processes, system usage, and data cleanliness.
Implementing SIOP (Sales, Inventory, & Operations Planning)
SIOP implementations are most successful when it is tailored to the company’s current state rather than an idealized future state. Clearly defining goals and securing visible support from top leadership are critical to sustainability and driving value. Without leadership buy-in, even the best-designed process is unlikely to succeed.
Gaining Better Inventory Control
Inventory challenges often stem from inventory control and planning. In general, companies who seek guidance from Waypost Advisors are aiming to ensure an optimal level of inventory, reduce the time spent reconciling inventory, and reduce write-offs/downs due to lost stock. Development of strategies and tools, paired with coaching from our Advisors can allow these companies to realize their inventory goals.
Allocating Resources for Large Projects
Projects like ERP implementations, acquisitions, or facility moves succeed when adequately resourced. Adding specialized project resources ensures timelines stay on track and budgets remain under control. Pro Tip: Resource costs can often be capitalized for projects classified as capital investments, making the expense more manageable.
Optimizing Supply Chain Costs
Supply chain optimization is all about improving processes and leveraging better practices. For instance, conducting market-optimal RFPs in procurement can lead to significant savings. Middle-market companies may not always aim for best-practice levels but adopting better practices can still yield substantial improvements.
Client Feedback We’re Proud Of
Here’s what our clients have said about working with us:
“We like that you focus on doing the work, not just telling us how to improve.”
“Your exclusive focus on supply chain solutions makes a difference.”
“You tailor your approach to our needs rather than forcing unnecessary processes.”
“You meet us where we are instead of pushing for best-practices we don’t need.”
