The Sort button on the main toolbar will sort the points in the Waypoint grid in several ways. The default sort is Numeric by point number. The other options are shown on the button's drop down menu:

Sort by Ident (Alpha) and sort by Ident (Numeric) is provided to overcome the problem of sorting an alpha string as a numeric string. The following illustrates the difference in the sort:
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Sort Ident (Alpha) - notice that the points are sorted by the ident column, reading the numbers as alpha characters. |
Sort Ident (Numeric) - notice that the points are sorted by the ident column, reading the numbers as numeric values. |