BMSA Bulletin
June 2017
Member News   

Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products, has announced a distribution agreement with GAF, broadening Huttig's national product offering. Huttig will distribute a variety of GAF roofing products, including shingles and roofing accessories .

G. Patrick Smith, III, CPA, has joined Diamond Hill Plywood Company as vice president of finance. He has extensive knowledge with thirty years of experience with public and private companies throughout the Carolinas. He will manage financial and operational matters with emphasis on corporate finance restructuring, strategic planning and market expansion. 
 
Professional Builders Supply, based in Morrisville, N.C., was acquired by the Capitol Broadcasting Company earlier this month.

Attention ALL Members: If your company is having an anniversary, opening a new location, has a new hire or any company news, please contact BMSA to have the news published in an issue of BMSA's Bulletin. 


Have You Joined a Peer-to-Peer Learning Group?
 
BMSA's peer-to-peer learning groups (roundtables) are one of the most utilized and valued services we provide. Noncompeting dealers are brought together on a regular basis to discuss pertinent business issues and share best practices.

The benefit of being in a peer group is that you learn from others who have similar challenges and experiences so that you can do your job better.

Currently, BMSA offers the following roundtable groups: 
* Owner/Financial Roundtable
* Sales Managers Roundtable
*
Installed Sales Roundtable
* Leadership Development Roundtable

* CFO Roundtable


Calendar of Events
  
2017 
July 27-30
: BMSA's Summer Conference (Virginia Beach, VA)   

September 25-27: CFO Roundtable (Albany, NY)

September 28-29: Leadership Development Roundtable 2 (Charleston, SC)

October 8-10: Roundtable 1 (Hilton Head, SC)

October 8-10: Roundtable 3 (Charlotte,NC)

October 17-19: NLBMDA ProDealer Industry Summit (Phoenix, AZ)

October 23-24: Leadership Development Roundtable 1 (Charlottesville, VA)

October 25-27: Sales Managers Roundtable (Gatlinburg, TN)

November 1-3: Roundtable 7 (Nashville, TN)


2018 
February 7-8: BMSA Annual Building Products Show 
Make Your Hotel Reservation for BMSA's Summer Conference Today!
The hotel room block for BMSA's Summer Conference expires on June 23. Rooms go fast, so make your reservations today!

The Summer Conference is always a Special Event for Dealers, Suppliers and their families! It's a time to visit with our industry's best suppliers and see their new products and services. It's a time to exchange information and share ideas. It's also a chance to spend time with your family and industry friends.

Our theme this year is Jimmy Buffet's  "Changes in Latitudes,Changes in Attitudes !" From the business meetings to the sporting and social events - this meeting has been planned for you!

Here are links to more information and forms:


NLBMDA Celebrates National
Homeownership Month

The National Lumber and Building Material Dealers Association celebrates President Donald Trump's proclamation that June is National Homeownership Month. NLBMDA is committed to working with Congress and the Administration on policies that help more Americans achieve the dream of owning a home.
 
Homeownership remains a priority for many Americans. According to the United States Census Bureau, the share of Americans who own their homes was 63.6 percent for the first quarter of 2017. Moreover, in a recent national Gallup survey, nearly seven in 10 non-home owners expect to buy a home within the next 10 years. 
 
Preservation of the mortgage-interest deduction plays an important role in helping households of all income levels become homeowners. NLBMDA supports the tax incentive and opposes efforts to reduce or eliminate it as part of comprehensive tax reform. 
 
Reforming burdensome regulations would also increase the nation's homeownership rate. A study from the National Association of Home Builders indicates that regulations imposed by government at all levels accounts for 24.3 percent of the final price of a new single-family home built for sale.
Extending Credit Requires Attention to Accounts Receivable

If you start selling on credit you're going to need to make accounts receivable management a priority. A/R management is much more than simply sending invoices and recording payment, it takes a lot of time and energy to do it right and avoid bad-debt write offs, invoice disputes, and late payments.

You may even feel as though you need to hire another employee to keep up with it all. This is not always the case; there are plenty of tactics, tools, and simple process adjustments you can implement to help you quickly collect invoices without hiring any additional hands or letting money slip through the cracks. Read more.

(Source:
Lindsey O'Brien, Anytime Collect)

Advantages and Disadvantages of Offering Trade Credit

Trade credit is offered by many suppliers to trade channel buyers to encourage more frequent and higher volume purchases. Smaller companies with limited cash on hand often rely on trade credit to make inventory purchases on a regular basis. Trade credit has benefits to both the buyer and seller, but it also has some disadvantages.

More Sales
From the perspective of the creditor, or supplier, trade credit should induce more sales over time by allowing customers to make purchases without immediate cash. This flexibility in purchasing methods also encourages customers to make larger purchases when prices are right than they might if they had to pay cash upfront. Along with higher sales volume, trade credit often produces interest fees and late payment fees for creditors, which increases revenue. Read more.

(Source:
Neil Kokemuller, Chron.com, Houston Chronicle)

Stay Connected with BMSA!  

3029 Senna Drive  
Matthews, NC 28105  
800-849-1503 
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BMSA ASSOCIATE MEMBERS  

BMSA encourages our Dealer members to look first to your Associate members when looking to purchase products and services. Support those who support your Association and the industry! 
 
4ME Group
Epicor Software
Pennsylvania Lumbermens Mutual Insurance Company
AGS Stainless  
Facemyer Lumber Co., Inc.
Ponderosa Software
Allura
Federated Mutual Insurance
PureColor Inc.
Altus GTS 

Randolph-Bundy Inc.
Amelia Lumber Company, Inc.
Fortress Wood Products
Red Bolt Promotions
Anchor Concrete/Sakrete
GAF
Reeb Millwork
Appalachian Hardwood Lumber Co. 
Georgia-Pacific Structural Panels Division
Reserve Lumber Co.
Assurance Personnel Services
Great Southern Wood Preserving, Inc.
Rocco Building Supplies, LLC
Banyan Consulting Group
Guardian Building Products
Roxul Inc.
Basys Processing
Hannah Sheridan Loughridge & Cochran
Royal Building Products
BizLender 
Huttig Building Products
Schaffer Associates
Blue Cross Blue Shield of SC
IBSA (Independent Builders Supply Association)
Screeneze
BlueLinx Corporation
Industrial Products Co.
Sherwood Lumber Corp.
BlueTarp Financial, Inc.
Intex Millwork Solutions
Simpson Strong-Tie, Inc.
Boise Cascade Corp.
J.R.B. Peddlers
Smith Millwork, Inc.
Bridgewater Wholesalers, Inc. 
The Jeske Company
Snavely Forest Products

Building 9 Corp.
Larson Manufacturing Co.
Spruce Computer Systems/ECi Solutions
CareWorks Comp
Layman's Lumber Guide

Style Crest, Inc.
Carl Rogers & Associates
LBM Advantage

Sun Windows Inc.
Carolina Atlantic Distribution, Inc.
Legacy Pre-Finishing Inc.
Sunbelt Rack/CT Darnell Construction
Carter Millwork, Inc.
LiftOne, LLC
Superior Plastic Products
Cedar Creek Holdings, Inc.
LMC (Lumbermens Merchandising Corporation)
TAH Benefits
Center-Line Trailers
Lumber Sales Corporation
TAMKO Building Products, Inc.
Century Group, Inc.
Lumberman's Wholesale Distribution
TAPCO Group
Charles F. Shiels & Company
Madison Wood Preservers
TraksUS

Clem Lumber & Distributing Company
The Marwin Company
Tri-State Forest Products
Cordstrap
Melcap Partners, LLC

UFPi Elizabeth City, LLC
Cosella-Dorken Products
Member Insurance
Ultralam - USA/Sound Structures
Cox Industries, Inc.
Messer Financial
U.S. Lumber
Creative Destinations, Inc.
Metal Sales Manufacturing Co.
V & H Inc.
Crumpler Plastic Pipe
Metwood Building Solutions
Vann Attorneys, L.L.P.
Culpeper Wood Preservers
Muneris Benefits
Viance - Treated Wood Solutions
Dancik International 
NCS
Welco Enterprises, Inc.

Diamond Hill Plywood Company
NILCO
Weyerhaeuser Company

DMSi Software 
Norbord
Wholesale Millwork Inc.
Dyke Industries
NOVIK/Exteria Building Products
Woodford Plywood, Inc.

E-Cubed Consulting
Packard Forest Products, Inc. 
Yoder Lumber Co.
ECMD
Parksite 

Emery-Waterhouse Company


The Empire Company