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... Read More January 2019 Issue #11234 Page 36
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... Read More December 2018 Issue #10233 Page 25
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... Read More December 2018 Issue #10233 Page 38
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... Read More November 2018 Issue #10232 Page 22
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... Read More October 2018 Issue #10231 Page 20
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... Read More October 2018 Issue #10231 Page 33
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... Read More September 2018 Issue #10230 Page 23
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... Read More September 2018 Issue #10230 Page 36
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... Read More August 2018 Issue #10229 Page 24
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 Read More August 2018 Issue #10229 Page 36