OKR template to drastically decrease operational expenses

This OKR is aimed at significantly reducing operational expenses. The first objective is to reduce supply chain costs by 10% through assertive negotiations with vendors and implementing more efficient methods for vendor management. It includes devising effective approaches for fruitful price discussions and the identification of negotiate-worthy vendors.

The second objective is to cut energy consumption by an ambitious 15%. This will be accomplished by implementing sustainability initiatives such as widespread employee training on energy conservation practices and regular auditing of equipment to ensure maximum efficiency. Another initiative includes the installation of energy-efficient appliances and light fittings.

The third aim is to improve productivity by 25% through the adoption of pertinent automation tools. The objective will be accomplished by continually tracking and adjusting processes to help reach the desired productivity improvement. The implementation and integration of the chosen automation tools into day-to-day operations is another priority. The sourcing and identification of suitable automation tools for multiple business processes also form part of the mandate.

In essence, this OKR is focused on augmenting operational efficiency by cutting expenses significantly. It seeks to achieve this through the means of vendor negotiations, eco-friendly initiatives, and automation of business processes.