OKR template to establish standard pricing for raw materials
Your OKR template
The next outcome is finding three cost-effective suppliers for raw materials. Achieving this involves obtaining and comparing price quotes from shortlisted suppliers, researching potential suppliers based on cost-effectiveness and material quality, and evaluating supplier reliability, scalability, and delivery times.
The final outcome focuses on conducting market research on current raw material prices across 15 industries. This is to be achieved through initiatives such as compiling and analyzing data to identify market trends, spotting 15 industries which are relevant to raw material prices and researching the current prices for each of these industries.
By carrying out these initiatives, the company aims to have a robust standard pricing system for raw materials that can adapt to market conditions, assure cost-effectiveness, and is informed by extensive market research across multiple industries.
ObjectiveEstablish standard pricing for raw materials
KRDevelop a mechanism for adjusting the standard price as market conditions change
Analyze recent changes in the market affecting pricing- Develop a flexible pricing model based on analysis
- Implement price adjustments on standard products
- KRIdentify three cost-effective suppliers for our raw materials
- Obtain and compare price quotes from the three shortlisted suppliers
- Research potential suppliers based on cost-effectiveness and raw material quality
- Evaluate suppliers' reliability, scalability and delivery times
- KRConduct market research on current raw material prices by 15 industries
- Compile and analyze data to determine market trends
- Identify 15 industries relevant to raw material prices
- Research current raw material prices for each industry
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