Todd Drummond

Look Beyond Manufacturing Improvements to Deliver Better Net Profits for 2020

Todd Drummond

Even though the new build season of 2020 is expected to be a good one for most, it likely will be more challenging to retain net profits than many anticipate. Most component manufacturers (CM) have been buying equipment and expanding their operations like crazy. Also, new money has flooded into...

#12246 Cover image
January 2020
Issue #12246
Page 51
Todd Drummond

Small Investments Can Garner Huge Gains for Productivity for Your Sales Team

Todd Drummond

Last month’s article, “Investment in Employee Training, Not Just Equipment,” produced a lot of good responses from many readers. Now it is time to offer real solutions to help your company improve productivity and reduce costly errors for your sales team and also all of the...

#11245 Cover image
December 2019
Issue #11245
Page 27
Todd Drummond

Investment in Employee Training, Not Just Equipment

Todd Drummond

Is your company’s budget only for new equipment, but no formal training for your employees? Any time you think about investing for productivity gains, often the first thing that comes to mind is investing in new equipment. All too often, we think we see the situation clearly and can make...

#11244 Cover image
November 2019
Issue #11244
Page 47
Todd Drummond

The Vast Majority of Component Plants Have Too Much Lost Productivity

Todd Drummond

People make the common mistake of thinking that if they have been doing something for a long time, occasionally have made improvements over the years, and they are working hard and consistently, then they are doing it the best way possible. But the truth is, approximately 80% of truss and wall...

#11243 Cover image
October 2019
Issue #11243
Page 28
Todd Drummond

Vendor Loyalty and Sales Pitch Can Lead You Astray

Todd Drummond

The BCMC trade show is fast approaching. This trade show, which is held each year, is a great opportunity for you and your team to step outside of your comfort zone to challenge and expand your current beliefs of both equipment investments and vendor services. Just be mindful that sometimes it...

#11242 Cover image
September 2019
Issue #11242
Page 47
Todd Drummond

Two Common Mistakes Cost At Least 2-3 Points of Net Profit Every Year

Todd Drummond

Most, if not all, are now caught up in the summer building season to make serious money for their component divisions. However, far too many companies are allowing tens of thousands of dollars to be lost because of commonly accepted bad practices. Practices such as using non-precise labor...

#11241 Cover image
August 2019
Issue #11241
Page 24
Todd Drummond

What I Like About Sum+It

Todd Drummond

It is time to forget about using a truss design program, price book, or square-foot multiplier when estimating roof and floor truss projects. For many decades, truss companies have been looking for ways to dramatically improve their design team’s capacity, but every effort has fallen...

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July 2019
Issue #11240
Page 41
Todd Drummond

Expect Margins and Lead Time to Decrease in Most Markets

Todd Drummond

Many of us have been in the industry long enough to clearly remember the pain of the ‘08 crash. Before the crash, everyone was very optimistic about their own growth potential because the building economy was on fire, which gave everyone a reason to expand their manufacturing capacity like...

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June 2019
Issue #11239
Page 22
Todd Drummond

An Effective Productivity Incentive Program for Truss Manufacturing

Todd Drummond

It is possible to give your shop employees a raise and actually achieve more capacity through greater productivity and make more net profit for your company by implementing an effective productivity incentive program. However, most of the incentive programs (IP) that are touted in the component...

#11238 Cover image
May 2019
Issue #11238
Page 41
Todd Drummond

Better Net Profits, Not Hyped-Up Business Philosophies

Todd Drummond

Whether your company is a single-location or a huge multi-location operation, 2018 should have been a banner year for profits for your company. Most of my clients were in the high teens and many were in the mid-twenties for net profit to total sales. How well did your company perform in...

#11237 Cover image
April 2019
Issue #11237
Page 19

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