Todd Drummond

Too Many LBM-Owned CMs are Operating at a Mediocre Rate

Todd Drummond

An anonymous former lumberyard CEO of 17 lumberyard locations (LBM) explained to me that his two component manufacturing (CM) plants made up only 10% of his sales yet contributed 30% of his net profits. He wished he had given the CM division far more focus and resources. As a guru for process...

#12248 Cover image
March 2020
Issue #12248
Page 51
Todd Drummond

Possible 30 Days Savings for the Home Builder Using Wall Panels

Todd Drummond

Did you know that, even though setting wall panels saves an average of eleven days compared to traditional stick-framing of walls, the overall home completion can have an average savings of 30 days when wall panels have been used? For the home builders, every day a home is completed sooner can...

#12247 Cover image
February 2020
Issue #12247
Page 29
Todd Drummond

Look Beyond Manufacturing Improvements to Deliver Better Net Profits for 2020

Todd Drummond

Even though the new build season of 2020 is expected to be a good one for most, it likely will be more challenging to retain net profits than many anticipate. Most component manufacturers (CM) have been buying equipment and expanding their operations like crazy. Also, new money has flooded into...

#12246 Cover image
January 2020
Issue #12246
Page 51
Todd Drummond

Small Investments Can Garner Huge Gains for Productivity for Your Sales Team

Todd Drummond

Last month’s article, “Investment in Employee Training, Not Just Equipment,” produced a lot of good responses from many readers. Now it is time to offer real solutions to help your company improve productivity and reduce costly errors for your sales team and also all of the...

#11245 Cover image
December 2019
Issue #11245
Page 27
Todd Drummond

Investment in Employee Training, Not Just Equipment

Todd Drummond

Is your company’s budget only for new equipment, but no formal training for your employees? Any time you think about investing for productivity gains, often the first thing that comes to mind is investing in new equipment. All too often, we think we see the situation clearly and can make...

#11244 Cover image
November 2019
Issue #11244
Page 47
Todd Drummond

The Vast Majority of Component Plants Have Too Much Lost Productivity

Todd Drummond

People make the common mistake of thinking that if they have been doing something for a long time, occasionally have made improvements over the years, and they are working hard and consistently, then they are doing it the best way possible. But the truth is, approximately 80% of truss and wall...

#11243 Cover image
October 2019
Issue #11243
Page 28
Todd Drummond

Vendor Loyalty and Sales Pitch Can Lead You Astray

Todd Drummond

The BCMC trade show is fast approaching. This trade show, which is held each year, is a great opportunity for you and your team to step outside of your comfort zone to challenge and expand your current beliefs of both equipment investments and vendor services. Just be mindful that sometimes it...

#11242 Cover image
September 2019
Issue #11242
Page 47
Todd Drummond

Two Common Mistakes Cost At Least 2-3 Points of Net Profit Every Year

Todd Drummond

Most, if not all, are now caught up in the summer building season to make serious money for their component divisions. However, far too many companies are allowing tens of thousands of dollars to be lost because of commonly accepted bad practices. Practices such as using non-precise labor...

#11241 Cover image
August 2019
Issue #11241
Page 24
Todd Drummond

What I Like About Sum+It

Todd Drummond

It is time to forget about using a truss design program, price book, or square-foot multiplier when estimating roof and floor truss projects. For many decades, truss companies have been looking for ways to dramatically improve their design team’s capacity, but every effort has fallen...

#11240 Cover image
July 2019
Issue #11240
Page 41
Todd Drummond

Expect Margins and Lead Time to Decrease in Most Markets

Todd Drummond

Many of us have been in the industry long enough to clearly remember the pain of the ‘08 crash. Before the crash, everyone was very optimistic about their own growth potential because the building economy was on fire, which gave everyone a reason to expand their manufacturing capacity like...

#11239 Cover image
June 2019
Issue #11239
Page 22
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