Number of search results: 118
An Effective Productivity Incentive Program for Truss Manufacturing
Todd Drummond
It is possible to give your shop employees a raise and actually achieve more capacity through greater productivity and make more net profit for your company by implementing an effective productivity incentive program. However, most of the incentive programs (IP) that are touted in the component...
May 2019
Issue #11238
Page 41
Better Net Profits, Not Hyped-Up Business Philosophies
Todd Drummond
Whether your company is a single-location or a huge multi-location operation, 2018 should have been a banner year for profits for your company. Most of my clients were in the high teens and many were in the mid-twenties for net profit to total sales. How well did your company perform in...
April 2019
Issue #11237
Page 19
The Drummond Short Schedule Time-Standard System
Todd Drummond
Using Man-Minutes to Manage Your Labor
Industrial engineering – “The branch of engineering that is concerned with the production of industrial goods, especially by the design of efficient plants and procedures and the management of materials, energy, and labor.” (Source:...
March 2019
Issue #11236
Page 39
Too Many Companies Struggle with Making Process Changes
Todd Drummond
A statement far too managers make is that they are not able to get their employees to embrace change. If your company struggles with making changes in any given area, just keep in mind that real change always comes from the top down. If your company is struggling with change and you are the top...
February 2019
Issue #11235
Page 18
Employee Hires, Equipment Investment, and Making Changes
Todd Drummond
Another year has come and gone, and what an invigorating year it has been for most companies. Net profits after taxes for most component manufacturers were in the high teens to mid-twenties—at least for those who do not allow for never-ending excuses. Once again, it is time to reevaluate...
January 2019
Issue #11234
Page 36
Independent CMs Still Have an Edge Over Multi-Location Companies
Todd Drummond
Since the home building crash of ‘08, there has been a huge spike in mergers and acquisitions of wood truss and wall panel component manufacturers. With all the big players in the market, independents naturally have concerns about staying competitive. Believe it or not, independents still...
December 2018
Issue #10233
Page 38
When Your Company’s Manufacturing Labor Pay Rate is Causing Labor Shortages
Todd Drummond
“Good judgement comes from experience. And experience? Well that comes from poor judgement.”
Some of us are old enough to remember Dean Martin. Whether he stated this quotation about experience and poor judgment, I will never know. But let’s face facts—it has...
November 2018
Issue #10232
Page 22
Beware of One Size Fits All Solutions
Todd Drummond
I am often asked about what is the best one-size-size-fits-all equipment solution to fit all the component manufacturing needs. Of course, too many equipment vendors are more than willing to offer their version of a one-size-fits-all solution. Below are three examples of when one size does not...
October 2018
Issue #10231
Page 33
Banner Sales Year Should Help the CM Division Make Mid-Teens or More for EBITDA
Todd Drummond
New building sales across the US are way up, which shows in the long lead times of the wood truss and wall panel manufacturing companies for new orders. However, too many of these manufacturers are not showing healthy profits despite the long lead times. Lead times greater than four weeks are a...
September 2018
Issue #10230
Page 23
Labor Shortage in the Construction Industry is Partially a Self-Inflicted Wound
Todd Drummond
Our industry has been ignoring and not understanding 51% of the population’s needs—specifically, those of women therefore limiting the qualified candidates to fill vital openings
August 2018
Issue #10229
Page 36
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...
August 2019
Issue #11241
Page 24
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...
July 2019
Issue #11240
Page 41
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...
June 2019
Issue #11239
Page 22
BCMC 2018: Crafting Connections and Brewing Success
Shawn Overholtzer
The 37th Annual BCMC show took place in late October at the Wisconsin Center in Milwaukee. It was the second time in the past four years at this location, so most of us already knew the great restaurants and bars to visit.
Every year the show just seems to get bigger and better, and this...
December 2018
Issue #10233
Page 48