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
Joe Kannapell

Robotics, continued

Joe Kannapell

Automation is advancing around the world, but will it yield the quantum leap promised? And how big a margin will it provide over conventional processes? Let’s first assess how various systems affect non-direct-labor inputs to the production process. Later we’ll balance these against...

#10215 Cover image
June 2017
Issue #10215
Page 6
Matt Layman

Lumber Briefs: The Real Cost of “Not Discounting” Invoices

Matt Layman

Part Four in the Save Money Series Back in the good old days, when I was a rookie lumber broker, central zone SYP producers offered wholesalers a 5% discount which gave us incentive to work their wood outside Mississippi and Alabama. I offer that just to be aggravating. Also, back in...

#10211 Cover image
February 2017
Issue #10211
Page 58
Matt Layman

Lumber Briefs: Anticipated 2x4 Prices H1-2017

Matt Layman

Part Three in the Save Money Series I certainly do not have crystal ball, but I do have something almost as good. I have history and the ability to analyze the market from a fundamental and technical perspective. Together they provide an 86% accurate forecast of when prices will rise and...

#10210 Cover image
January 2017
Issue #10210
Page 59
Carl Schoening

The Approach of Opportunity

Carl Schoening

Those of us who have been around this industry long enough have a general feeling of cautious optimism. We have all been through the economic ups and downs, the building cycles, and all the rest. We have sat listening to economists at BCMC every year. We have read so many detailed articles over...

#09206 Cover image
September 2016
Issue #09206
Page 16
Todd Drummond

Bidding Practices that are Just Good Enough Can Cost Tens of Thousands in Additional Net Profit

Todd Drummond

Two very distinct aspects of the bidding calculation could be costing your company tens of thousands of dollars. If you were shown a better bidding method, would you allow your pride to prevent you from testing it and, if it works, taking the time to embrace it to improve your company’s...

#09206 Cover image
September 2016
Issue #09206
Page 18
Todd Drummond

Truss Labor Time Standards for MiTek MVP™ and Other Programs

Todd Drummond

I have heard the same thing many times over and over. People want a better method of understanding truss manufacturing labor efficiencies, but they use the same flawed units of measurement they have always used. “Todd, I’ve been in this industry for decades as a ‘fill in the...

#09204 Cover image
July 2016
Issue #09204
Page 20
Ben Hershey

Continuous Improvement

Ben Hershey

Continuous Improvement  – Success is achieved, not from the program, but from the mindset Theory of Constraints. The Houlihan Labor Method. Quick Response Manufacturing. Six Sigma. Lean. Total Productive Maintenance. Total Quality Management. The lexicon, tools, and methods...

#09204 Cover image
July 2016
Issue #09204
Page 62
Todd Drummond

Increasing Net Profit While Sacrificing Labor Efficiencies?

Todd Drummond

Sometimes we lose focus of the main goal of creating more net profit for the company by focusing too much on one aspect of our business. Too often individuals focus too much on perceived labor efficiencies while limiting their overall capacities. Does reducing labor cost always produce more net...

#08197 Cover image
December 2015
Issue #08197
Page 11
Matt Layman

December 2015 Lumber Market Blueprint

Matt Layman

Evaluation November was a funky weather month. The east fielded above average rainfall, the western mountains got some snow, even though most temperatures were above average over the entire nation. There are pockets of pent up demand, like northern TX and Oklahoma, although on the whole,...

#08197 Cover image
December 2015
Issue #08197
Page 38
First5678910111214

Search By Keyword

Issues

Book icon Issuu Bookshelf