Todd Drummond

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...

#13258 Cover image
January 2021
Issue #13258
Page 45
Todd Drummond

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...

#12257 Cover image
December 2020
Issue #12257
Page 29
Todd Drummond

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...

#12256 Cover image
November 2020
Issue #12256
Page 43
Todd Drummond

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...

#12255 Cover image
October 2020
Issue #12255
Page 27
Todd Drummond

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...

#12254 Cover image
September 2020
Issue #12254
Page 40
Todd Drummond

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...

#12253 Cover image
August 2020
Issue #12253
Page 26
Todd Drummond

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...

#12252 Cover image
July 2020
Issue #12252
Page 44
Todd Drummond

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...

#12251 Cover image
June 2020
Issue #12251
Page 24
Todd Drummond

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...

#12250 Cover image
May 2020
Issue #12250
Page 48
Todd Drummond

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...

#12249 Cover image
April 2020
Issue #12249
Page 53
123578910Last

Search By Keyword

Issues

Book icon Issuu Bookshelf