Two Common Mistakes Cost At Least 2-3 Points of Net Profit Every Year Todd Drummond Most, if not all, are now caught up in the summer building season to make serious money for their component divisions. However, far too many companies are allowing tens of thousands of dollars to be lost because of commonly accepted bad practices. Practices such as using non-precise labor... Read More August 2019 Issue #11241 Page 24
The Importance of Our Leadership Actions Ben Hershey Recently, a Pastor at our church, Morgan MacPherson, shared a teaching from the Book of James talking about how our Actions Speak Louder. Though there was a lot of “meat on the bone” from what he shared, one of the additional thoughts I brought home was how important our actions are... Read More August 2019 Issue #11241 Page 42
Measure the Tempo of Your Operation Ben Hershey My wife Dianne and I were recently going through some of our old family photos and I came across this photo of Dianne’s Dad, Jack Hendershot, as a teenager on his bike delivering ice in the early ’50s. For those who may not know, before the advent of refrigeration and freezing... Read More July 2019 Issue #11240 Page 22
What I Like About Sum+It Todd Drummond It is time to forget about using a truss design program, price book, or square-foot multiplier when estimating roof and floor truss projects. For many decades, truss companies have been looking for ways to dramatically improve their design team’s capacity, but every effort has fallen... Read More July 2019 Issue #11240 Page 41
Expect Margins and Lead Time to Decrease in Most Markets Todd Drummond Many of us have been in the industry long enough to clearly remember the pain of the ‘08 crash. Before the crash, everyone was very optimistic about their own growth potential because the building economy was on fire, which gave everyone a reason to expand their manufacturing capacity like... Read More June 2019 Issue #11239 Page 22
Empower Your Team to Success Ben Hershey When I recently started some restructuring work for a client, I saw a sign posted on the wall. As shown in the image [see PDF or View in Full Issue], it took a sad approach to giving 100% at work. How many of the associates on our teams show up to work on Monday with this attitude and energy... Read More June 2019 Issue #11239 Page 44
Looking at Your Operation from a Different Perspective Ben Hershey My wife recently saw a book online (direct from the publisher) that she thought I would enjoy reading: “Lean Production for Competitive Advantage,” by John Nichols. There was, though, a funny thing about the book; it was printed upside down compared to the binding. I considered... Read More May 2019 Issue #11238 Page 20
An Effective Productivity Incentive Program for Truss Manufacturing Todd Drummond It is possible to give your shop employees a raise and actually achieve more capacity through greater productivity and make more net profit for your company by implementing an effective productivity incentive program. However, most of the incentive programs (IP) that are touted in the component... Read More May 2019 Issue #11238 Page 41
Better Net Profits, Not Hyped-Up Business Philosophies Todd Drummond Whether your company is a single-location or a huge multi-location operation, 2018 should have been a banner year for profits for your company. Most of my clients were in the high teens and many were in the mid-twenties for net profit to total sales. How well did your company perform in... Read More April 2019 Issue #11237 Page 19
Effective Ways Leaders Solve Problems Ben Hershey With as many problems as we all face in our work and life, it seems as if there is never enough time to solve each one without dealing with some adversity along the way. Problems keep mounting so fast that we find ourselves taking shortcuts to temporarily alleviate the tension points, so we... Read More April 2019 Issue #11237 Page 38