OKR template to achieve sustainable reduction in operational cost

The prominent objective of this OKR is achieving a sustainable reduction in operational costs through three key outcomes. Firstly, the company aims to cut supplier expenses by renegotiating contracts to achieve a 10% cost reduction. This will be accomplished by conducting negotiation meetings with key suppliers, developing a cost-reduction strategy, and analyzing current contract terms.

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.