OKR template to establish a standard price for raw materials

public-lib · Published 5 days ago

Your OKR template

The main objective of this OKR (Objective and Key Result) is to establish a standard price for raw materials. This will be achieved by means such as detailed market research on material costs within three main competitor companies, followed by gathering and comparing the acquired data.

The next strategic milestone is the development of an effective supply chain management system by the end of the current quarter. This involves the implementation of advanced supply chain management software and subsequently, the selection of cost-effective suppliers with whom they will negotiate contracts.

Another critical task within this OKR is a robust negotiation strategy aimed at reducing supplier costs by 15%. This is proceeded by a thorough analysis of current supplier costs and contracts, culminating in pivotal negotiation meetings with each vendor.

Finally, identifying necessary resources for improved operational efficiency of supply chain operations and recognizing three competitor companies for cost analysis is also integral to achieving the overall objective of standardizing the prices of raw materials.

ObjectiveEstablish a standard price for raw materials
KRConduct market research on raw material costs within three competitor companies
Analyze and compare the gathered data
Gather data on these companies' raw material costs
Identify three competitor companies to analyze
KRCreate a cost-effective and stable supply chain management system by the quarter-end
Implement advanced supply chain management software
Select cost-effective suppliers and negotiate contracts
Identify necessary resources for efficient supply chain operations
KRImplement a negotiation strategy with suppliers to reduce costs by 15%
Execute negotiation meetings with each supplier
Develop a comprehensive negotiation strategy for cost reduction
Identify and analyze current supplier costs and contracts

Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale