How Investment Bias Can Cost Your Company Millions Todd Drummond It appears I may have opened a can of worms with my last article, “A Case Study for Transforming Profits Through Employment Practices.” The article was a summary of the session I led at BCMC, “Case Study —Building Material Supply & Truss Manufacturing.” The... Read More December 2024 Issue #16305 Page 26
A Case Study for Transforming Profits Through Employment Practices Todd Drummond The following is a summary of the seminar I gave at this year’s BCMC show on October 8th, 2024. If your mind is open, I am handing you pure gold to help your company meet the challenges negatively affecting everyone now and in the coming years. Case Study —Building Material Supply... Read More November 2024 Issue #16304 Page 26
Automation Worth Considering for the Building Industry Todd Drummond Automation within the building industry has been ongoing for decades but at a slower pace than other industries. So, what do we mean by automation? Let’s focus on two types: automation for building estimation and automation for roof truss manufacturing. Both will be discussed at the... Read More October 2024 Issue #16303 Page 26
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
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
Retention and Staffing of Employees Todd Drummond If you are a manufacturer who desires high efficiency with high-quality products and services for your customers, then you know you need good employees to deliver them. Many claim that employees are the most important part of their business. So, it should not be a shock that poor productivity... Read More June 2024 Issue #16299 Page 22
Increase Profits and Lower Labor Costs with an Effective Incentive Program for Every Group Todd Drummond Too many get caught up in believing that any additional pay to employees is inherently costing the company more and should be avoided at every turn. If you believe this is the case, there is something you are overlooking. What may be lost is that when the total volume (productivity and sales) is... Read More May 2024 Issue #16298 Page 24
Advance Your Career and Earnings By Learning From Mistakes We Are All Prone to Make Todd Drummond Each generation has to learn all the life lessons either through their own mistakes or the counseling of the older generation. The vast majority of us wish not to repeat the same mistakes and, if possible, avoid them altogether. If you wish to avoid embarrassment, whether you are new to being an... Read More April 2024 Issue #16297 Page 24
Straight Talk About Labor Shortages and Costs Todd Drummond I have had the same conversations with so many executives concerning the tight labor market and rising labor costs. There is good and bad news concerning this subject. First, the good news is that you can be assured that high labor costs and a tight labor market are not only affecting your... Read More March 2024 Issue #16296 Page 24