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Number of search results: 124

Todd Drummond

Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting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...

#14281 Cover image
December 2022
Issue #14281
Page 26
Todd Drummond

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...

#14280 Cover image
November 2022
Issue #14280
Page 24
Todd Drummond

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...

#14279 Cover image
October 2022
Issue #14279
Page 24
Todd Drummond

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...

#14278 Cover image
September 2022
Issue #14278
Page 24
Todd Drummond

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...

#14277 Cover image
August 2022
Issue #14277
Page 22
Todd Drummond

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...

#14276 Cover image
July 2022
Issue #14276
Page 28
Todd Drummond

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...

#14275 Cover image
June 2022
Issue #14275
Page 29
Todd Drummond

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...

#14274 Cover image
May 2022
Issue #14274
Page 35
Todd Drummond

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...

#14273 Cover image
April 2022
Issue #14273
Page 35
Todd Drummond

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...

#14272 Cover image
March 2022
Issue #14272
Page 35
Simpson Strong-Tie Staff

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...

#14281 Cover image
December 2022
Issue #14281
Page 124
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