Why Are So Many Companies Unknowingly Losing Millions? Todd Drummond Millions of dollars are being lost by many companies that don’t recognize they have a problem — Does your LBM company have more than $50 million combined sales? Quantified as a ratio of sales, according to Six Sigma case studies, the cost of poor quality, defined as waste,... Read More September 2024 Issue #16302 Page 26
Retaining Profits Amid Margin Compression Todd Drummond What was widely expected has finally happened. Years of very profitable high sales led to vast increases in capacity to meet that demand, but now we have declining sales volume—the classic too much supply versus not enough demand to maintain margins. Some like to call this margin... Read More August 2024 Issue #16301 Page 24
Design Connections: Making the Most of Mass Timber Geordie Secord Undoubtedly you’ve seen many articles talking about mass timber, but you may not be very familiar with what products are included and some of their applications. In speaking with some light-frame component manufacturers over recent years, I have heard many of them mention that they are, or... Read More August 2024 Issue #16301 Page 76
Increase Your Market Share By Adding Floor Truss Manufacturing Wendy Boyd If you’re in the business of roof truss manufacturing and you’re looking at ways to increase your market share, it’s time to consider adding floor truss manufacturing to your operation. Recent research shows that the global floor truss market is anticipated to rise at a... Read More July 2024 Issue #16300 Page 17
Maintaining Successful Project Management Communications Todd Drummond We can all learn from companies that have the best-in-class project management communication systems in the construction industry. Whether it is builders, LBMs, or component manufacturers, all have one thing in common regarding project information processing. There seem to be almost countless... Read More July 2024 Issue #16300 Page 24
Design Connections: Estimating and the Cost of Quotes Geordie Secord One constant thorn in the side of truss fabricators is the cost of preparing quotes, often multiple times for the same job through the life of a project. I find that this is especially true for custom homes, as they often go through numerous revisions for aesthetic, budget, zoning, and other... Read More July 2024 Issue #16300 Page 90
Paddling Hard But Moving Slow: Increasingly, That’s LBM’s Outlook for the Rest of 2024 Craig Webb After years in which dealers struggled from crisis to crisis, a slew of public reports and economic indicators suggest we can expect many more months of muddling along. Our surfing metaphor of two years ago has given way to the paddleboard, where the only way to speed up is to paddle... Read More July 2024 Issue #16300 Page 98
CS150 Reveals Biggest Revenue Drops at Dealers Since the Great Recession Craig Webb You have to go back to the Great Recession 15 years ago to find as many LBM dealers reporting sales declines as we had in 2023. But the reasons are far different, and so are the consequences. Three-quarters of the companies constituting the 2024 Construction Supply 150 reported revenue drops... Read More June 2024 Issue #16299 Page 72
Design Connections: Profitability Metrics and Margin Dollars Geordie Secord In the busy world of prefabricated components, there are three conflicting metrics that owners and managers look at to determine operational performance – board feet of lumber, sales dollars, and margin dollars. I’ll start with what I believe is likely the most common but also the... Read More June 2024 Issue #16299 Page 92
The Birth of a Professional Engineer: Forging a Career at Simpson Strong-Tie Dante Khachadourian My engineering journey began back in the early 2000s in the living room of our house, playing with wooden blocks and building towers as high as I could reach without letting them fall over onto little brothers (the authorities having jurisdiction [aka my parents] had a set a restriction in our... Read More June 2024 Issue #16299 Page 114