Increase Net Profits by Properly Understanding, Scheduling, and Processing Rush Orders Todd Drummond The summertime build season is upon the industry. For most wood component manufacturers (CM), and other manufactured suppliers of building materials, the lead time of new orders typically easily exceeds four weeks. Inevitably, a salesperson will ask, “Hey, can you do me a favor? I have an... Read More July 2023 Issue #15288 Page 25
Four Examples of Process Improvement Considerations Todd Drummond Right now, many CMs are waking up to the increased pressures of a slowing home-building market, and all the capital investments they have made are just not going to be enough because all their competition has done the same. Now that the new build season is ramping up to full swing, the ones who... Read More June 2023 Issue #15287 Page 27
Will ‘Too Little, Too Late’ Define Your Company? Todd Drummond Building history facts: Before the 2008 financial crash, there were about 2,100 wood truss and wall panel component manufacturing (CM) companies across North America. The vast majority of the locations were independently owned and operated. When the worst of the effects of the recession finally... Read More May 2023 Issue #15286 Page 27
A Message of Caution to New Component Manufacturers Todd Drummond This message is for the new component manufacturers (CM) who have recently and will shortly be entering the component manufacturing industry for wood trusses or wall panels. First, welcome to the industry – it is very rewarding, but I must caution you about this new endeavor. It is not for... Read More April 2023 Issue #15285 Page 25
How One Wood Truss Industry Leader Uses Industrial Engineering Practices of Work Minutes to Excel Todd Drummond We can always learn things from industry leaders, whether we work with them directly or simply appreciate what they have accomplished. A perfect example comes from A-1 Industries and their commitment to using industrial engineering practices and work minutes. Although TDC has not performed... Read More March 2023 Issue #15284 Page 25
Money Hides Many Sins (Waste) Todd Drummond A trending DIY post shows a long sequence of nail holes alongside a wall-mounted TV with a caption that says, “I knew that stud was in there somewhere.” Meant to be a humorous poke at the times when we’ve attempted new projects, it reveals how sometimes we might not have been... Read More February 2023 Issue #15283 Page 24
Don’t Be Blind to Simple Truths for the 2023 Build Season Todd Drummond An article written and published by Russ Kathrein on LinkedIn, “The Eyes See What the Brain Believes,” struck a nerve for me. In summary, the statement “believe it when I see it” is more often than not false. As someone who has made a living assisting others for over... Read More January 2023 Issue #15282 Page 26
Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting Todd Drummond Despite the fantastic profits these past few years, some of the largest wood truss component manufacturers (CM) are losing tens of millions of dollars hidden in plain sight. Talk to any of the executives at these CMs, and they will be able to rattle off the EBITA or other P/L results, yet they... Read More December 2022 Issue #14281 Page 26
Labor Shortages Worse Than Most Understand and Automation is Not Going to Be the Cure-All Solution Todd Drummond Time and again, executives state they are having problems finding enough qualified people to staff all the needed positions within their company. The truth is that this problem will get much worse, and you need to understand why to fix it. TDC has found that companies with the best employee... Read More November 2022 Issue #14280 Page 24
Including Meaningful Process Improvement on Your Capital Investment Checklist Todd Drummond Time and time again, TDC has witnessed too many companies spending millions on capital investments to achieve marginal improvements while others spend far less and achieve spectacular results. It may feel obvious that adding a saw or auto-puck table will significantly enhance output, but the... Read More October 2022 Issue #14279 Page 24