OKR template to increase and diversify our portfolio of local, small-scale, and minority-owned vendors
Your OKR template
The second segment of the OKR focuses on increasing procurement from women- and minority-owned stakeholders by 25%. This involves the growth of partnerships with targeted vendors, organizing procurement training emphasizing diversity and identifying promising minority-owned suppliers.
The final component of the OKR seeks to identify and incorporate at least 20 new local, small-scale suppliers by the end of the quarter. Onboarding strategies for chosen vendors will be further developed, potential local, small-scale vendors will be researched, and initial contact and relationship-building with potential vendors will be initiated.
Through this OKR, the company is committed to expanding the diversity of its supplier base, fostering equal opportunities, and uplifting local economies by partnering with small-scale vendors. These changes also mirror the company’s commitment to diversity and inclusion, benefiting both the organization and the wider community it operates within.
ObjectiveIncrease and diversify our portfolio of local, small-scale, and minority-owned vendors
KRCreate and implement a supplier diversity policy within the organization
Draft a comprehensive supplier diversity policy for the organization- Conduct training sessions to implement the policy
- Obtain leadership approval for the proposed policy
- KRIncrease procurement from woman- and minority-owned vendors by 25%
- Develop partnerships with these targeted vendors
- Organize procurement training focusing on diversity
- Identify potential woman- and minority-owned suppliers
- KRIdentify and onboard at least 20 new local, small-scale vendors by quarter end
- Facilitate onboarding process for selected vendors
- Research potential local, small-scale vendors
- Initiate contact and build relationships
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