A Stable and Proficient Workforce is Key to Best-in-Class Profits Todd Drummond Last month’s article, “Record-Breaking EBITA Exceeded Mid-Twenties for Many Component Manufacturing for 2021,” mentioned a key factor of making best-in-class profits: the highest performers have very low employee turnover and vacancies. Creating a stable and proficient... Read More February 2022 Issue #14271 Page 35
Threading the Needle with a High Rise Lumber PickLine Edmond Lim, P.Eng. February means different things to different people – Valentine’s Day, the Super Bowl, Family Day (in Canada) – but to me, February is also the anniversary of my most complicated and challenging installation. What’s more, the installation was completed in the middle of... Read More February 2022 Issue #14271 Page 54
Record-Breaking EBITA Exceeded Mid-Twenties for Many CMs for 2021 Todd Drummond Last year should have been a record profit year for wood truss and wall panel component manufacturers (CM). Many of my clients have mid to upper-twenties EBITA. A few made it to the mid-thirties of their total sales. Yet, so many find this hard to believe. Too many believe mid to high teens for... Read More January 2022 Issue #14270 Page 35
How to Lose Millions of Profits with Linear Saws and Two-Person Crews Todd Drummond There has been a big push to reduce labor. In response, more than one equipment vendor has suggested that component manufacturers (CM) should purchase linear saws directly tied to roof gantry tables. The idea is simple: fewer crew members and more automation to increase efficiencies and reduce... Read More December 2021 Issue #13269 Page 35
Get Free Answers to Your Most Pressing Problems Todd Drummond Would you like unbiased advice for problems that your company is facing right now? If so, visit The Minute Clinic! At BCMC Omaha, stop by Booth 315, where our Minute Clinic will give you Free Answers to the most pressing problems you may have. Together with Tony Misura of the Misura Group... Read More October 2021 Issue #13267 Page 37
Solve The Most Pressing Problems with A Different Mindset Todd Drummond Chronic employee staffing shortages can be a blatant sign that a company’s employment practices need improvement. One should be very hesitant to blame external forces beyond a given reasonable period. Too many companies are simply blind to their overall company’s poor employee... Read More September 2021 Issue #13266 Page 37
Reliable and Profitable Incentive Programs, Scheduling, and Pricing Todd Drummond Suppose you want an effective incentive program that improves productivity, saves your company labor cost, and rewards your most valued production crews with additional wages. Perhaps you also want to improve the accuracy of your production scheduling that allows for a proper understanding of... Read More August 2021 Issue #13265 Page 32
CM Equipment Purchasing Do’s and Don’ts Todd Drummond Understanding the do’s and don’ts for component manufacturing (CM) equipment purchasing (wood trusses and wall panels) can save or waste your company 100’s of thousands of dollars at the time of purchase and long after. Everyone knows the building economy is on fire, so it... Read More July 2021 Issue #13264 Page 33
True Leadership Todd Drummond There are so many challenges leaders face within our industry today that are ever-changing and, quite frankly, unprecedented. Whether your position of leadership is overall, departmental, or team level, the challenges are never-ending. Too often in our industry, people are in a position of... Read More June 2021 Issue #13263 Page 29
Not Enough Time is No Excuse Todd Drummond The building industry is once again on fire, and too many are stating, “I don’t have enough time” all too often. If your group is always talking about needing more people, equipment, and time, improving time management would undoubtedly benefit you. Improving time management... Read More May 2021 Issue #13262 Page 29