Economic studies prepared by the multinational professional services company, KPMG, show that the pace of job gains has slowed due to the Delta variant and is leading to a reduction of economic activity in the 3rd Quarter of 2021. KPMG lowered its 3rd Quarter GDP growth numbers from 6.4% to...

According to a recent Wall Street Journal article written by Josh Mitchell, the economy is holding up quite well. “Resilient” is the word he used to describe the situation. “Households have plenty of money,” he quotes a chief economist as saying. While travel has...

What are companies doing these days with the uncertain rise of COVID variants? They’re hoarding cash! According to an updated Wall Street Journal article published on August 16, 2021 by Anna Hirtenstein, companies are sitting on record levels of cash, and ramping up their requests for...

Suppose you want an effective incentive program that improves productivity, saves your company labor cost, and rewards your most valued production crews with additional wages. Perhaps you also want to improve the accuracy of your production scheduling that allows for a proper understanding of...

The new 2021 build season is upon us, and everyone seems to be excited about the 2021 opportunities that seem apparent with the robust build economy. Many companies had their most profitable year in 2020, yet others struggled, stating that commodity pricing and covid were their major negative...

In his March 22, 2021 piece in the Wall Street Journal, Jon Hilsenrath’s article title says it all: “Stimulus Checks Have Left U.S. Households Ready to Spend.” Apparently, a lot of study has gone into how the population spends their cash windfalls, and the trend is...

There are several companies both in and outside of our industry who really understand costs. It is not some academic classroom “let someone teach me from the boardroom” but hands-on experience in knowing what their costs are in their operation. In the building industry, we think we...

Theory of Constraints (TOC) is not often clearly understood, and it can be confused with Just in Time (JIT). Below is a simplified explanation with some examples about TOC that many should be able to relate to their operations. TOC is an offshoot of lean manufacturing principles. Every...

A recent Wall Street Journal article written by Julia Pollack on 12/10/20 discusses the reasons why 2021 could be the year of a great comeback. In “Why the U.S. Economy Will Take Off in 2021,” Ms. Pollack touches on the pre-pandemic economy, when unemployment was at record lows and...

When looking for new opportunities for improvements in your operation, it is quite natural to ask for advisement from outside your company to give you a better perspective. Who you should trust to help you take your company to higher performance is not as clear cut as it may appear. Costly...