The Drummond Short Schedule Time-Standard System
Using Man-Minutes to Manage Your Labor
Industrial engineering – “The branch of engineering that is concerned with the production of industrial goods, especially by the design of efficient plants and procedures and the management of materials, energy, and labor.” (Source:...
Good Ideas Come from Many Places — “Necessity Is the Mother of Invention”
You never know where the next great product idea or innovation is going to come from — some of our best new ideas originate with the customers who use our current products. At Simpson Strong-Tie, we welcome any inspiration that can help us serve our customers’ needs even better. With...
Estimating Truss Labor Using Board Footage Versus Proper Man-Minute Time Standards
For many years, I have been beating the drum that board footage (BF) is an imperfect unit measurement that our industry should abandon. The better alternative is the proven method of time estimations which uses man-minutes (MM). Man-minutes are derived from time-in-motion practices that have...
Are Your Salespeople Selling Your Company into Eventual Bankruptcy?
Most people have a mistaken belief that my services are all about making component manufacturing more efficient. Actually, more than half my time during a consultation is taken up reviewing things like management practices and the sales process. Fact is, sales—correction, healthy...
If you enjoy watching any of the many home improvement shows where the hosts pick an older home to renovate, you notice they always talk about the “bones” of the house. In their opinion, this is one of the most important features of any potential renovation job.
Change Your Pricing Formula for 2018 and Make More Net Profit
Let us assume that you are having problems with a truck’s transmission and it must be repaired or replaced. The local mechanic explains the hourly rate for service and that the cost of any parts needed to fix the transmission is extra. The hourly charge he is billing is to cover his...
Automation is advancing around the world, but will it yield the quantum leap promised? And how big a margin will it provide over conventional processes? Let’s first assess how various systems affect non-direct-labor inputs to the production process. Later we’ll balance these against...
The Real Cost of “Not Discounting” Invoices
Part Four in the Save Money Series
Back in the good old days, when I was a rookie lumber broker, central zone SYP producers offered wholesalers a 5% discount which gave us incentive to work their wood outside Mississippi and Alabama. I offer that just to be aggravating.
Also, back in...
Anticipated 2x4 Prices H1-2017
Part Three in the Save Money Series
I certainly do not have crystal ball, but I do have something almost as good. I have history and the ability to analyze the market from a fundamental and technical perspective. Together they provide an 86% accurate forecast of when prices will rise and...
The Approach of Opportunity
Those of us who have been around this industry long enough have a general feeling of cautious optimism. We have all been through the economic ups and downs, the building cycles, and all the rest. We have sat listening to economists at BCMC every year. We have read so many detailed articles over...