Library

Number of search results: 126

Todd Drummond

A Tale of Two Dealers, and Why One Far Surpasses the Other

Todd Drummond

Most think lack of time is their biggest barrier to achieving their goals, but they are mistaken. “Culture eats strategy for breakfast.” This quote by Peter Drucker is one of my favorites. While providing consulting services for over one hundred companies, I have witnessed and...

#10226 Cover image
May 2018
Issue #10226
Page 30
Todd Drummond

Why It’s Time to Add Component Manufacturing to Your Lumber Business

Todd Drummond

We’ve all seen the predictions: Component manufacturing is going to grow ever bigger as labor remains tight and big builders get more efficient. And with component manufacturing gross margins being higher than what you get for selling commodities, it’s a good time to ask:...

#10225 Cover image
April 2018
Issue #10225
Page 18
Todd Drummond

Industrial Engineers Needed in Our Wood Component Manufacturing Industry

Todd Drummond

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 – The Free Dictionary) The Lean...

#10224 Cover image
March 2018
Issue #10224
Page 30
Todd Drummond

Three Key Obstacles to Overcome to Improve Your Operations

Todd Drummond

Every consultation is different, yet some things remain the same. People are creatures of habit, and some of the issues that are dealt with during the consultations are very similar. Three key obstacles or areas are so common that I have yet to find a company not struggling with each of...

#10223 Cover image
February 2018
Issue #10223
Page 30
Todd Drummond

Change Your Pricing Formula for 2018 and Make More Net Profit

Todd Drummond

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...

#10222 Cover image
January 2018
Issue #10222
Page 30
Todd Drummond

Mistake Proofing the Communication Quote and Order Process

Todd Drummond

In lean terminology, there is a term called Poka-Yoke, which, roughly translated from Japanese, means to mistake-proof the manufacturing process. A more accurate translation could be “inadvertent error prevention.” In a nutshell, one tries to make any manufacturing process...

#10221 Cover image
December 2017
Issue #10221
Page 30
Todd Drummond

Is a Linear Saw Paired with Each Roof Truss Assembly Table a Magic Cure for the Best Lean System?

Todd Drummond

A current trend in our industry is that the component manufacturers are being advised that one should have a fully automated lumber retrieval system linked to an automated linear saw that pushes the cut lumber directly to the assembly table with an auto puck system. This type of setup is often...

#10220 Cover image
November 2017
Issue #10220
Page 28
Todd Drummond

Mid-Size Companies Have the Greatest Challenges

Todd Drummond

Growing a smaller company’s sales to that of a mid-size company has many challenges. The additional staffing and departmental growth can face unexpected roadblocks. Two key fundamental areas present themselves in unexpected ways. Communication – Communication is the act of...

#10219 Cover image
October 2017
Issue #10219
Page 28
Todd Drummond

Pride Can Blind Us All From Seeing and Learning Things For Better Bottom Line Results

Todd Drummond

It has taken our industry quite a few years, but once again it is common for wood component companies for a 15%+ EBITDA in normal markets, in which the sales exceed a two-week lead time. Many are exceeding 20% EBITDA. Do you know how well your company did in comparison to the average? Perhaps...

#10218 Cover image
September 2017
Issue #10218
Page 24
Todd Drummond

Wages and Productivity

Todd Drummond

For many companies, properly staffing and retaining employees to meet their needs is a never-ending struggle. Let’s summarize what human resources gurus require years of training to understand and disseminate it to the masses for better results. Let us start by understanding some basic...

#10217 Cover image
August 2017
Issue #10217
Page 24
Todd Drummond

Banner Sales Year Should Help the CM Division Make Mid-Teens or More for EBITDA

Todd Drummond

New building sales across the US are way up, which shows in the long lead times of the wood truss and wall panel manufacturing companies for new orders. However, too many of these manufacturers are not showing healthy profits despite the long lead times. Lead times greater than four weeks are a...

#10230 Cover image
September 2018
Issue #10230
Page 23
Todd Drummond

Labor Shortage in the Construction Industry is Partially a Self-Inflicted Wound

Todd Drummond

Our industry has been ignoring and not understanding 51% of the population’s needs—specifically, those of women therefore limiting the qualified candidates to fill vital openings

#10229 Cover image
August 2018
Issue #10229
Page 36
Todd Drummond

Estimating Truss Labor Using Board Footage Versus Proper Man-Minute Time Standards

Todd Drummond

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...

#10228 Cover image
July 2018
Issue #10228
Page 22
Todd Drummond

Are Your Salespeople Selling Your Company into Eventual Bankruptcy?

Todd Drummond

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...

#10227 Cover image
June 2018
Issue #10227
Page 30
First45678101213

Search By Keyword

Issues

Book icon Read Our Current Issue

Download Current Issue PDF