Todd Drummond

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...

#16305 Cover image
December 2024
Issue #16305
Page 26
Todd Drummond

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...

#16304 Cover image
November 2024
Issue #16304
Page 26
Todd Drummond

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...

#16303 Cover image
October 2024
Issue #16303
Page 26
Todd Drummond

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,...

#16302 Cover image
September 2024
Issue #16302
Page 26
Todd Drummond

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...

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August 2024
Issue #16301
Page 24
Todd Drummond

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...

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July 2024
Issue #16300
Page 24
Todd Drummond

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...

#16299 Cover image
June 2024
Issue #16299
Page 22
Todd Drummond

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...

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May 2024
Issue #16298
Page 24
Todd Drummond

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...

#16297 Cover image
April 2024
Issue #16297
Page 24
Todd Drummond

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...

#16296 Cover image
March 2024
Issue #16296
Page 24
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