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Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting Todd Drummond Despite the fantastic profits these past few years, some of the largest wood truss component manufacturers (CM) are losing tens of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
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
Four Commonly Held Practices That Cause Companies to Lose Millions in Net Profits Todd Drummond These four commonly held practices within the component industry (wood truss and wall panels manufacturing) are actually causing millions in lost profits. None of these practices should be acceptable, and all are correctable. Is your company ready to make lean manufacturing continuous... Read More September 2022 Issue #14278 Page 24
Incremental CapEx ROI and Plant Tours Edmond Lim, P.Eng. With the forecasted housing backlog and ongoing tight labor market, shouldn’t all truss plants be modernizing by investing in automation? That is easier said than done. One strategy to modernize is to automate with incremental investments. In my experience, the best way to get over the... Read More September 2022 Issue #14278 Page 62
Here is What Happens When Continuous Improvement is More than a Slogan Todd Drummond As a change agent for lean manufacturing best practices, it is extremely satisfying when I see a company embrace best practices despite their challenges. Too often, it is stated, “we (I) cannot implement or do the suggested improvement practice because _____” from so many claiming to... Read More August 2022 Issue #14277 Page 22
How to Rev Up During a Long Lead Time Edmond Lim, P.Eng. Just when you have calculated your traditional CapEx ROI saying “Yes,” you cannot pass “Go” until 2023 because your new machinery lead time is a year away. Now what? Now you should prepare for it! Instead of focusing on the wait, get better organized before your... Read More August 2022 Issue #14277 Page 50
Capital Investments are Not Going to Be Enough When the Party is Over Todd Drummond The article I published in April, Record CM Building Industry Net Profits are Coming to an End Sooner Than Most Believe, predicted that the construction industry would start seeing negative market changes around August of this year. Wow, was I right about calling that one? The continued... Read More July 2022 Issue #14276 Page 28
ROI with No “Space” Fear Factor Edmond Lim, P.Eng. In today’s volatile economy, there is comfort in knowing the significant housing backlog will rely on the components industry to keep on supplying. Trusses are the original off-site construction industry begun more than 60 years ago, and the number of truss plants and capital investments... Read More July 2022 Issue #14276 Page 60