Number of search results: 124
Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting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...
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...
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...
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...
September 2022
Issue #14278
Page 24
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...
August 2022
Issue #14277
Page 22
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...
July 2022
Issue #14276
Page 28
Three Simple Truths for Attracting and Retaining Talented Employees
Todd Drummond
Is your company having problems finding good employees to fill all the needed positions within your company? Are you thinking wage inflation is getting out of hand? Perhaps you should look at it from a different perspective. Multiple case studies have shown that companies with low employee...
June 2022
Issue #14275
Page 29
Detailed Process for Implementing an Effective Labor Incentive Program
Todd Drummond
One of my clients’ most often asked questions is, “How exactly do we track and implement an incentive program?” Most companies are willing to pay their manufacturing employees more wages (incentives) based on greater output. Yet, the vast majority of wood truss component...
May 2022
Issue #14274
Page 35
Record CM Building Industry Net Profits are Coming to an End Sooner Than Most Believe
Todd Drummond
What a ride it has been for the vast majority of the component manufacturing (CM) for wood trusses and wall panels in North America the past few years. The demand for new homes outpaced the supply capacity of most homebuilders and those who suppy them. This record-breaking rate of building...
April 2022
Issue #14273
Page 35
Millions of Dollars for New Equipment and Building Investments are Being Wasted
Todd Drummond
Expanding the manufacturing capacity within the component manufacturing (CM) industry for wood trusses and wall panels is at a fever pitch. The overwhelming majority of CMs have the same limited capacity issue trying to keep up with sales, which led to excellent record-breaking sales volumes and...
March 2022
Issue #14272
Page 35
Mechanical Anchors: Screw vs. Expansion: Which is Right for Me?
Simpson Strong-Tie Staff
Not all post-installed mechanical anchors are created equal. There are key differences between screw and expansion anchor types — differences that include how they gain their holding strength, installation requirements, and overall anchor performance. In the following article, field...
December 2022
Issue #14281
Page 124