OKR template to acquire cost-effective new media for Wallop
Your OKR template
Apart from negotiating with existing vendors, the second objective is to improve internal media procurement processes to reduce acquisition costs by 20%. The company plans to attend this by training staff on cost-effective procurement strategies, implementing centralized purchasing to streamline the buying process, and negotiating bulk rates with preferred media vendors.
A third objective in this OKR aims at identifying and establishing partnerships with five new low-cost media providers. To achieve this, the company will research potential low-cost media providers in the market, evaluate options based on cost, services, and reputation; then reach out and establish contracts with chosen providers.
Summarily, these objectives aim at driving cost-effectiveness in media procurement for Wallop. The company is set to negotiate better deals with current vendors, improve its internal procurement strategy, and find new affordable media partners.
ObjectiveAcquire cost-effective new media for Wallop
KRNegotiate at least 30% reduction in costs with 3 existing media vendors
Conduct negotiation meetings with vendors- Draft proposal for 30% cost reduction
- Identify top three media vendors for negotiation
- KRImprove internal media procurement processes to reduce acquisition costs by 20%
- Train staff on cost-effective procurement strategies
- Implement centralized purchasing to streamline buying process
- Negotiate bulk rates with preferred media vendors
- KRIdentify and establish partnerships with 5 new low-cost media providers
- Research potential low-cost media providers in the market
- Evaluate options based on cost, services and reputation
- Reach out and establish contracts with chosen providers
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