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
Ben Hershey

The Importance of Our Leadership Actions

Ben Hershey

Recently, a Pastor at our church, Morgan MacPherson, shared a teaching from the Book of James talking about how our Actions Speak Louder. Though there was a lot of “meat on the bone” from what he shared, one of the additional thoughts I brought home was how important our actions are...

#11241 Cover image
August 2019
Issue #11241
Page 42
Ben Hershey

Measure the Tempo of Your Operation

Ben Hershey

My wife Dianne and I were recently going through some of our old family photos and I came across this photo of Dianne’s Dad, Jack Hendershot, as a teenager on his bike delivering ice in the early ’50s. For those who may not know, before the advent of refrigeration and freezing...

#11240 Cover image
July 2019
Issue #11240
Page 22
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
Ben Hershey

Empower Your Team to Success

Ben Hershey

When I recently started some restructuring work for a client, I saw a sign posted on the wall. As shown in the image [see PDF or View in Full Issue], it took a sad approach to giving 100% at work. How many of the associates on our teams show up to work on Monday with this attitude and energy...

#11239 Cover image
June 2019
Issue #11239
Page 44
Ben Hershey

Looking at Your Operation from a Different Perspective

Ben Hershey

My wife recently saw a book online (direct from the publisher) that she thought I would enjoy reading: “Lean Production for Competitive Advantage,” by John Nichols. There was, though, a funny thing about the book; it was printed upside down compared to the binding. I considered...

#11238 Cover image
May 2019
Issue #11238
Page 20
Todd Drummond

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...

#11238 Cover image
May 2019
Issue #11238
Page 41
Todd Drummond

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...

#11237 Cover image
April 2019
Issue #11237
Page 19
Ben Hershey

Effective Ways Leaders Solve Problems

Ben Hershey

With as many problems as we all face in our work and life, it seems as if there is never enough time to solve each one without dealing with some adversity along the way. Problems keep mounting so fast that we find ourselves taking short­cuts to temporarily alleviate the tension points, so we...

#11237 Cover image
April 2019
Issue #11237
Page 38

Search By Keyword

Book icon Issuu Bookshelf