Todd Drummond Consulting


Financial Advisory
Truss Manufacturing Labor Tracking Software













Lean Manufacturing Consulting

And also Collaboration with a...
Financial Advisory &
 Private Equity Firm

 
Services for the Automated

Wood Truss & Panel Components
Industry
 
  • 50+ Consultations
    • 24 Years in the Automated Building Industry
      • 9th Year in the Consulting Business
Normal Net Profit Gains are 3 to 6 Points!  Some see as much as a
9 to 12 point gain!

Lean Consultation

All Departments Addressed During Consult
  • Manufacturing, Design, Sales & Administration
  • 50% of consult is the manufacturing and 50% is all other departments
  • Present, Near and Future Needs
  • All Suggestions are based on company goals
Truss Manufacturing Time Standards
  • (R.E., S.U. & Man-Minutes also known as Houlihan Method)
  • Proper Production Efficiencies
  • Proper Pricing of Trusses
  • Proper Scheduling of Production

Lean Principles Explained and Demonstrated
  • Tailored for the Component Manufacturing Industry
  • Proven and Practical Methods of Increasing Efficiencies
  • Includes Theory of Constraints
  • Opportunity Cost & Pricing Principles

Market Opportunities
  • Evaluation of current sales practices
  • Suggestions for additional sales

See my web page “Consultation” for the details.


Collaboration with...

Private Equity & Financial Advisory Firm

Todd Drummond Consulting LLC. is now collaborating with a private equity investment, and financial advisory ("merchant banking") firm specializing in the building products and construction industry.

This firm has a well earned reputation for honesty and integrity that is
already established within the building products and construction industry. References and testimonials are offered upon request.

Debt Advisory & Placement
Debt Advisory & Placement Practice advises middle-market building industry
companies in the restructuring and/or refinancing of existing loans and in the
sourcing and optimizing of terms on new senior, mezzanine and/or other debt
capital. In today's difficult financing environment, they will bring the added
horsepower and deep lending contacts to get you the cheapest cost of capital.
(Minimum $2 million; U.S. and Canada)

Mergers and Acquisitions Advisory
Mergers & Acquisitions Practice is an advisory firm focused exclusively on the building industry. Their practice provides advisory services to owners and acquirers of middle-market building industry companies, primarily with $25 million to $500 million in revenues, in connection with a wide range of critical strategic and financial transaction-related matters. They foster long-term relationships with clients as their independent advisor on strategic matters and transactions such as mergers and acquisitions, recapitalizations, restructurings, equity and debt capital raises and other transaction-related matters.
(U.S. and Canada)

Private Equity Capital

Providing equity capital, $10mm to $100mm per transaction, to (i) owners of
private U.S. building industry companies for purposes of growing their businesses organically or through buy-and-build acquisition strategies, (ii) owners seeking liquidity and/or a transition of ownership in their business to the next generation or management team via a recapitalization or sale, and (iii) proven executives and management teams to support them in building their own business via management buyout or acquisition of a platform business. (U.S. Only)


See my web page "Financial" for the details.
  • The easiest and most inexpensive truss labor tracking program available!
  • No Pre-Scheduling of orders
  • No Pre-Scheduling of employees
  • Any order or shop employee can be logged into any workstation at any given time for maximum flexibility!
Inexpensive...
  • ½ the normal pricing of plate providers’ truss labor tracking software cost
  • No Setup & Installation Fees
  • Use Existing Shop Computers
More Information Link to Labor Tracking Software

I can help you expand your capabilities, reduce your existing cost or start a new wood building component manufacturing facility. Using the best of the North American automated housing manufacturing industry has to offer and combining it with lean manufacturing principles, I can provide you with the highest knowledgeable expertise. Since the formation of my consulting service I have performed consulting work for numerous companies and individuals in the automated building industry domestically and internationally.

I have reviewed new and existing businesses to assess how they can be improved, developed business plans, feasibility studies, performed strategic planning and performed hands on manufacturing and management work for a variety of clients. All clients found my services provided net profit gains.

I am an expert in helping you avoid making mistakes that will cost you tens of thousands of dollars.  Whether you are an existing or a potential new manufacture you should not make the classic mistake of equipment vendors talking you into new or used equipment to improve your operation without first getting a lean consultation.  Your first investment should always be sound advice from a lean expert with decades of knowledge in the automated building industry. Unbiased and honest advice you will be able to use to improve your bottom line.  You will be pleasantly surprised at the results you can achieve once you implement the suggested changes.  See reference page on website for statements by general managers and owners about services.
See my web page “Consultation” for the details.


R&K Building Supplies, Phoenix AZ
Chad Coons – President

The Phoenix construction market has been hit hard by the downturn in the housing industry.  Like every other truss company in the area, we have tried to ride out this bad economy by downsizing and cutting every possible expense we could think of—including wages and office overhead.  As the 1st quarter 2011 ended, it was apparent that all the cuts and internal adjustments were still not enough to affect a positive outcome. We realized it was time for a drastic change, or we would need to get out of the wood truss business all together.  

We hired Todd Drummond’s consulting services, thinking that a professional looking in from the outside could help us with some ideas on improving our operations and further cost controls. What we actually got was that—plus a lot more. 

The ideas for changing the way we process the work orders from sales right through production were quite enlightening. The list of changes needed was long and, frankly, we were a little skeptical at the results Todd promised.  We have been building wood trusses for decades, but Todd showed us many common-sense changes in procedure and flow that we have not been doing.  Once he explained all the lean manufacturing rational, my team of people had to agree that he was right on the mark in every area. We are very appreciative for the many specific ideas and practices he suggested implementing to adjust to our current market needs. The savings potential is surprising and well worth the time and cost invested in his services.

What really surprised me was that not only did he talk about operational practices but he also provided sound advice on creating better market opportunities and other revenue streams.  Phoenix is a tough market to say the least, but he showed us there are opportunities we were not exploiting and gave practical advice on how to do just that. I will not go into detail, but I will say he was far more helpful than just reducing our operational expenses. Now, we are very focused and hopeful about our future.



Published articles in national trade magazine - Automated Builder...
 
(Click links for articles)



Smartest thing to do for 2010 for profit - May 10

Developing Reliable Truss Manufacturing Labor Estimations - Jan 10

Alternatives to Standard Truss Plate Providers Software -Dec 09 Issue

Change, or Stay in Business No Longer 
 - August 09 Issue

Structural Truss Systems case study - Margins Are Too Thin to Cause You To Guess the Costs of Individual Orders - Feb 09

Penn-Truss Finds Time to Make Needed Changes - Sept 08

Mar-Span case study - Time Standards Case Study - May 08.pdf

Fabco case study - Changing methods for these harder times - April 08.pdf

Terra Nova - Lean Practices Bolster Bottom - March 08.pdf

see the Automated Builder magazine website at www.automatedbuilder.com

Helpful articles for you to make positive changes…



Testimonial for Consulting Services…
 Terra Nova Trusses…

We felt the time was right to have a person like Todd give us an independent assessment of our entire operation. We were struggling with labor estimations on certain jobs, and Todd implemented the proper Time Standards for us to follow, which would allow us to be more precise on job costing.


We discussed and received advice on the implementation of a marketing strategy, quality control, an incentive program, performance appraisals, and the principles of lean manufacturing.


Todd has laid the foundation for our company to be a leader in our industry and improve our bottom line. I would not hesitate to recommend Todd to others in our field.


Denis and Frank Galway, Owners, Terra Nova Trusses Ltd, Mount Pearl, NF Canada

See reference page for statements by general managers and owners about services.



Testimonial for Consulting Services…
 
Fabco Building Components...

Since the founding of FABCO in 1978, my family and I have witnessed and been a part of the evolution of the truss industry. One tends to develop the attitude that you know what is best for your business since, after all, you built it from the ground up. The reality is that you are operating in your own busy little corner of the world.

Todd brought to the table a broader perspective, inviting us to question and compare our procedures with what he has witnessed in the industry as a whole. This led us to affirm some of our practices and change many others, resulting in a significant improvement in productivity.

We are excited to move forward with the measurement and comparison of our productivity to the labor standards provided by Todd. We feel that our relationship with Todd has had a positive influence on our company. I would strongly encourage others to make what we have found to be a wise investment.

Dan and Terry Tontarski, Owners, Fabco Building Components, Watertown N.Y


See reference page for statements by general managers and owners about services.