Todd Drummond

Are Your Salespeople Selling Your Company into Eventual Bankruptcy?

Todd Drummond

Most people have a mistaken belief that my services are all about making component manufacturing more efficient. Actually, more than half my time during a consultation is taken up reviewing things like management practices and the sales process. Fact is, sales—correction, healthy...

#10227 Cover image
June 2018
Issue #10227
Page 30
Todd Drummond

A Tale of Two Dealers, and Why One Far Surpasses the Other

Todd Drummond

Most think lack of time is their biggest barrier to achieving their goals, but they are mistaken. “Culture eats strategy for breakfast.” This quote by Peter Drucker is one of my favorites. While providing consulting services for over one hundred companies, I have witnessed and...

#10226 Cover image
May 2018
Issue #10226
Page 30
Todd Drummond

Why It’s Time to Add Component Manufacturing to Your Lumber Business

Todd Drummond

We’ve all seen the predictions: Component manufacturing is going to grow ever bigger as labor remains tight and big builders get more efficient. And with component manufacturing gross margins being higher than what you get for selling commodities, it’s a good time to ask:...

#10225 Cover image
April 2018
Issue #10225
Page 18
Keith Parker

How the DMAIC Lean Method Can Be Applied to the Sales Process

Keith Parker

Last month’s article, Using the DMAIC Lean Method to Accomplish Improvement and Take the First Steps to New Goals, used a case study to explore the DMAIC Lean method. This month another case study will be used to  demonstrate how this process can be implemented in your...

#10225 Cover image
April 2018
Issue #10225
Page 66
Todd Drummond

Three Key Obstacles to Overcome to Improve Your Operations

Todd Drummond

Every consultation is different, yet some things remain the same. People are creatures of habit, and some of the issues that are dealt with during the consultations are very similar. Three key obstacles or areas are so common that I have yet to find a company not struggling with each of...

#10223 Cover image
February 2018
Issue #10223
Page 30
Todd Drummond

Change Your Pricing Formula for 2018 and Make More Net Profit

Todd Drummond

Let us assume that you are having problems with a truck’s transmission and it must be repaired or replaced. The local mechanic explains the hourly rate for service and that the cost of any parts needed to fix the transmission is extra. The hourly charge he is billing is to cover his...

#10222 Cover image
January 2018
Issue #10222
Page 30
Ben Hershey

Skills Play a Vital Role in Lean Management

Ben Hershey

Part 8 in our TIMWOODS Series Our journey through the various waste topics in Lean brings us to the final letter in our series on TIMWOODS: Skills. Many companies, managers, and supervisors forget when improving their operations to look at their team and review how their skills are being...

#10220 Cover image
November 2017
Issue #10220
Page 44
Joe Kannapell

Robotics, continued

Joe Kannapell

Automation is advancing around the world, but will it yield the quantum leap promised? And how big a margin will it provide over conventional processes? Let’s first assess how various systems affect non-direct-labor inputs to the production process. Later we’ll balance these against...

#10215 Cover image
June 2017
Issue #10215
Page 6
Todd Drummond

Three Practical Ideas for Better Margins and Net Profits

Todd Drummond

Too often a repeated mantra within our industry is that everyone sells components at too-low margins. The blame is always on the other guy, meaning the competitor, for selling at a lower margin than what should be market pricing. Well, what can your company do to raise margin pricing? During...

#10215 Cover image
June 2017
Issue #10215
Page 24
Matt Layman

Lumber Briefs: The Real Cost of “Not Discounting” Invoices

Matt Layman

Part Four in the Save Money Series Back in the good old days, when I was a rookie lumber broker, central zone SYP producers offered wholesalers a 5% discount which gave us incentive to work their wood outside Mississippi and Alabama. I offer that just to be aggravating. Also, back in...

#10211 Cover image
February 2017
Issue #10211
Page 58
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