OKR template to define a standard price for raw materials
Your OKR template
By using collected data about raw materials, a comprehensive pricing model would be created by the end of the month. The data analysis would consider trends and fluctuations in raw material costs, thereby facilitating a more accurate pricing model that reflects current market conditions.
Another critical aspect of this OKR involves conducting market research to understand the prevailing raw material prices across top competitors. This initiative is important to ensure competitive pricing and deepens knowledge about the market dynamics and competitors.
It also places an emphasis on identifying the top ten competitors in the market, researching these competitors' raw material prices, and summarizing the average price. This analysis aims to provide a more complete picture of the marketplace and inform the defining of a standard price for raw materials.
ObjectiveDefine a standard price for raw materials
KRReview and adjust the established pricing model basis quarterly sales performance
Make the necessary adjustments to the pricing model- Analyze quarterly sales performance data
- Assess the current pricing model in light of data
- KRUse data to create a pricing model for various raw materials by month end
- Develop a comprehensive pricing model
- Collect relevant data on raw material costs
- Analyze data trends and fluctuations
- KRConduct market research to understand average raw material prices across 10 competitors
- Analyze data to determine average price
- Research and record each competitor's raw material prices
- Identify top 10 competitors in the market
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