Todd Drummond

Employee Hires, Equipment Investment, and Making Changes

Todd Drummond

Another year has come and gone, and what an invigorating year it has been for most companies. Net profits after taxes for most component manufacturers were in the high teens to mid-twenties—at least for those who do not allow for never-ending excuses. Once again, it is time to reevaluate...

#11234 Cover image
January 2019
Issue #11234
Page 36
Ben Hershey

It’s Time to Huddle Up!

Ben Hershey

Setting the tone for higher expectations and productivity I am often asked by lumber dealers, component manufacturers, and others for that “one thing” that will improve results, drive cultural change, hardwire behavior, or create lasting quality. I’ve come to realize there...

#10233 Cover image
December 2018
Issue #10233
Page 25
Todd Drummond

Independent CMs Still Have an Edge Over Multi-Location Companies

Todd Drummond

Since the home building crash of ‘08, there has been a huge spike in mergers and acquisitions of wood truss and wall panel component manufacturers. With all the big players in the market, independents naturally have concerns about staying competitive. Believe it or not, independents still...

#10233 Cover image
December 2018
Issue #10233
Page 38
Todd Drummond

When Your Company’s Manufacturing Labor Pay Rate is Causing Labor Shortages

Todd Drummond

“Good judgement comes from experience. And experience? Well that comes from poor judgement.” Some of us are old enough to remember Dean Martin. Whether he stated this quotation about experience and poor judgment, I will never know. But let’s face facts—it has...

#10232 Cover image
November 2018
Issue #10232
Page 22
Ben Hershey

Constructing a Roadmap to Operational Excellence, Part 2

Ben Hershey

Part 2: Continuing the Journey of 7 Steps As discused in "Part 1: Beginning a Journey of 7 Steps," we all aspire to have a state of operational excellence in our organizations, which is easier said than done. Operational excellence is about more than simply adjusting the...

#10231 Cover image
October 2018
Issue #10231
Page 20
Todd Drummond

Beware of One Size Fits All Solutions

Todd Drummond

I am often asked about what is the best one-size-size-fits-all equipment solution to fit all the component manufacturing needs. Of course, too many equipment vendors are more than willing to offer their version of a one-size-fits-all solution. Below are three examples of when one size does not...

#10231 Cover image
October 2018
Issue #10231
Page 33
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
Ben Hershey

Constructing a Roadmap to Operational Excellence

Ben Hershey

Part 1: Beginning a Journey of 7 Steps We all aspire to have a state of operational excellence in our organizations, but it is often much easier said than done. Although it’s often conceptualized as merely tweaking the current way of doing things, operational excel­lence is about...

#10230 Cover image
September 2018
Issue #10230
Page 36
Ben Hershey

The Relationship Between Lean and Safety

Ben Hershey

In my experience and with the work I do with hundreds of component manufacturers, I find that many companies will tell me Safety is important, but, in practice, safety is treated as a burden on the company. Good managers will always have an attitude that they want all of their employees to be...

#10229 Cover image
August 2018
Issue #10229
Page 24
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
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