Good Ideas Come from Many Places — “Necessity Is the Mother of Invention” Steve Rotzin You never know where the next great product idea or innovation is going to come from — some of our best new ideas originate with the customers who use our current products. At Simpson Strong-Tie, we welcome any inspiration that can help us serve our customers’ needs even better. With... Read More January 2019 Issue #11234 Page 94
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... Read More July 2018 Issue #10228 Page 22
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... Read More June 2018 Issue #10227 Page 30
Good Bones Dave Pasolli If you enjoy watching any of the many home improvement shows where the hosts pick an older home to renovate, you notice they always talk about the “bones” of the house. In their opinion, this is one of the most important features of any potential renovation job. Typically, they... Read More March 2018 Issue #10224 Page 74
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... Read More January 2018 Issue #10222 Page 30
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... Read More June 2017 Issue #10215 Page 6
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... Read More February 2017 Issue #10211 Page 58
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... Read More January 2017 Issue #10210 Page 59
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... Read More September 2016 Issue #09206 Page 16
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... Read More September 2016 Issue #09206 Page 18