OKR template to achieve sustainable reduction in operational cost
Your OKR template
Secondly, the business will boost efficiency by implementing automation processes in at least two departments, increasing their effectiveness by 15%. The enablers for this outcome involve researching and procuring the right automation tools, implementing, and monitoring the automation processes. Departmental processes requiring automation will also be identified.
The third outcome will be focusing on reducing energy consumption by integrating sustainable practices, leading to savings of 20%. This will be achieved through initiatives such as retrofitting with energy-efficient appliances, employing automated controls for heating, cooling, and lighting, and conducting regular energy audits to identify areas of wastage.
This OKR encapsulates a comprehensive strategy to reduce operational costs innovatively, by renegotiating supplier contracts, making efficient use of automation in key departments, and embracing energy-saving practices.
ObjectiveAchieve sustainable reduction in operational cost
KRReduce supplier expenses by negotiating contracts for a 10% cost decrease
Implement negotiation meetings with respective suppliers- Develop a negotiation strategy for cost reduction
- Identify key suppliers and analyze current contract terms
- KRImplement automation processes in at least 2 departments to increase efficiency by 15%
- Research and procure suitable automation tools
- Implement and monitor the automation processes
- Identify processes in two departments that can be automated
- KRCut energy consumption by adopting sustainable practices resulting in 20% savings
- Install energy-efficient appliances replacing outdated ones
- Implement automated controls for heating, cooling, and lighting
- Conduct regular energy audits to identify wastage areas
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