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... Read More December 2024 Issue #16305 Page 26
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... Read More August 2024 Issue #16301 Page 24
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... Read More May 2024 Issue #16298 Page 24
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... Read More May 2023 Issue #15286 Page 27
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... Read More April 2023 Issue #15285 Page 25
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... Read More March 2023 Issue #15284 Page 25
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... Read More May 2022 Issue #14274 Page 35
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
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... Read More June 2021 Issue #13263 Page 142