Todd Drummond

How Investment Bias Can Cost Your Company Millions

Todd Drummond

It appears I may have opened a can of worms with my last article, “A Case Study for Transforming Profits Through Employment Practices.” The article was a summary of the session I led at BCMC, “Case Study —Building Material Supply & Truss Manufacturing.” The...

#16305 Cover image
December 2024
Issue #16305
Page 26
Todd Drummond

Retaining Profits Amid Margin Compression

Todd Drummond

What was widely expected has finally happened. Years of very profitable high sales led to vast increases in capacity to meet that demand, but now we have declining sales volume—the classic too much supply versus not enough demand to maintain margins. Some like to call this margin...

#16301 Cover image
August 2024
Issue #16301
Page 24
Todd Drummond

Increase Profits and Lower Labor Costs with an Effective Incentive Program for Every Group

Todd Drummond

Too many get caught up in believing that any additional pay to employees is inherently costing the company more and should be avoided at every turn. If you believe this is the case, there is something you are overlooking. What may be lost is that when the total volume (productivity and sales) is...

#16298 Cover image
May 2024
Issue #16298
Page 24
Todd Drummond

Will ‘Too Little, Too Late’ Define Your Company?

Todd Drummond

Building history facts: Before the 2008 financial crash, there were about 2,100 wood truss and wall panel component manufacturing (CM) companies across North America. The vast majority of the locations were independently owned and operated. When the worst of the effects of the recession finally...

#15286 Cover image
May 2023
Issue #15286
Page 27
Todd Drummond

A Message of Caution to New Component Manufacturers

Todd Drummond

This message is for the new component manufacturers (CM) who have recently and will shortly be entering the component manufacturing industry for wood trusses or wall panels. First, welcome to the industry – it is very rewarding, but I must caution you about this new endeavor. It is not for...

#15285 Cover image
April 2023
Issue #15285
Page 25
Todd Drummond

How One Wood Truss Industry Leader Uses Industrial Engineering Practices of Work Minutes to Excel

Todd Drummond

We can always learn things from industry leaders, whether we work with them directly or simply appreciate what they have accomplished. A perfect example comes from A-1 Industries and their commitment to using industrial engineering practices and work minutes. Although TDC has not performed...

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March 2023
Issue #15284
Page 25
Todd Drummond

Detailed Process for Implementing an Effective Labor Incentive Program

Todd Drummond

One of my clients’ most often asked questions is, “How exactly do we track and implement an incentive program?” Most companies are willing to pay their manufacturing employees more wages (incentives) based on greater output. Yet, the vast majority of wood truss component...

#14274 Cover image
May 2022
Issue #14274
Page 35
Todd Drummond

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...

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August 2021
Issue #13265
Page 32
Todd Drummond

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...

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July 2021
Issue #13264
Page 33
Joe Kannapell

The Last Word: The Last Word on Great Plant Engineers

Joe Kannapell

Who will step forward to direct the increasing automation of our truss plants? Only the best qualified need apply. For example, people with the discipline of Dick Rotto, the in-plant experience of John Houlihan, and the analytical skills of Keith Fell. Each of whom possessed unique abilities...

#13263 Cover image
June 2021
Issue #13263
Page 142
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