RIP Example 5: Yabba Dabba Doo
The following is a RIP designed to reduce rental and fuel costs in an athletic field construction company that installs world-class synthetic and natural turf playing systems around the world.
■ KPI: Rental and Fuel Costs.
■ Quantifiable Objective: To save 12 percent off of budgeted Rental and Fuel Costs.
■ Financial Effect on the Company: $16,500.
■ Actions:
• Return equipment in a timely fashion.
• Rent only as a last resort (use owned equipment first).
• Return full of fuel.
• Use tax-free off-road fuel.
• Call off rent ASAP.
■ Name: Yabba Dabba Doo.
■ Celebration: Lunch for everyone.
■ Cost: $25 per person, total of $600.
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