Hazards with Some Advisements for New Investments Todd Drummond 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... Read More January 2021 Issue #13258 Page 45
Waste, Inefficiencies, and Defects of the Project Communication Process Todd Drummond Think beyond the physical investment of trucks, equipment, and buildings when it comes to investments for improving the bottom line for 2021. If a company wants to improve the net profits, improving the project communication process can add serious dollars to the bottom line. Most companies... Read More December 2020 Issue #12257 Page 29
Preparing for the 2021 Build Season Todd Drummond Despite all the turmoil of the skyrocketing lumber prices, pandemic, and elections, the building industry is doing very well. Hopefully, your company is doing very well, and now your attention is focusing on potential growth for 2021. Most companies are looking for modest tweaks to their current... Read More November 2020 Issue #12256 Page 43
Basic Principles for Effective Employee Attraction and Retention Todd Drummond Last month’s article, “Better Profits with Effective Employee Retention and Growth,” got a lot of attention. The labor shortage issues that companies are experiencing, despite the high unemployment numbers, are having a negative impact on many companies’ manufacturing... Read More October 2020 Issue #12255 Page 27
Better Profits with Effective Employee Retention and Growth Todd Drummond In the almost 20 years of my consulting services, TDC has witnessed that the highest performing companies with the highest profit as a percentage of sales, generally in the high teens to mid-twenties, are the same companies with very low employee turnover. However, it is far more than just... Read More September 2020 Issue #12254 Page 40
What is Worse than Poor Services? Denial by the Group that has Terrible Services! Todd Drummond Nothing is more frustrating than dealing with poor services by a department within your company or a vendor when you need to resolve a problem or find information on a timely basis. However, what is even worse than the poor services is having that troubled group in complete denial about their... Read More August 2020 Issue #12253 Page 26
Critical Summertime Repeated Problem Areas Hindering Sales Todd Drummond Year after year, too many companies suffer needlessly with the same common problems. Even after making new equipment investments and receiving assurances that things will be different, the old issues keep rearing their heads. ! Even with the additional equipment investment, production... Read More July 2020 Issue #12252 Page 44
Three Conditions for Smarter Margin Application to Make Healthier Profits Todd Drummond Establishing a proper margin to maximize profits for your roof truss component sales is not as easy as most people think. Most do not have a clear understanding of how small changes make a significant impact on the company’s profitability. Making the most profits possible, no matter what... Read More June 2020 Issue #12251 Page 24
Rethinking a Linear Saw Linked to Two Workstations Todd Drummond It seems some people are upset that I made such a public statement with my latest advertisement – “Pairing a Linear Saw with Two Workstations with Each Having Two Assemblers will Cost Your Company Millions in Lost Net Profits.” Specifically, I’m talking about linking... Read More May 2020 Issue #12250 Page 48
Oakland Athletics Baseball and Component Manufacturing? Todd Drummond Anyone who knows me to any degree will tell you I am not a sports fan. I do not follow any professional sports or know much about the players and culture. So it may surprise you to have me compare component manufacturing (CM) to baseball. To be honest, I mean to compare the management practices... Read More April 2020 Issue #12249 Page 53