OKR template to strategically reduce overhead costs

public-lib · Published about 1 month ago

Your OKR template

This OKR aims to strategically reduce overhead costs by focusing on three main areas: service contracts, office supplies, and utility costs. By renegotiating third-party service contracts and exploring alternative providers, the goal is to drastically reduce costs in this sector.

In order to decrease office supply expenses, a rigid monitoring system and bulk purchasing initiatives will be implemented. This will facilitate identification of frequently used supplies and ensure their cost-effective acquisition, reducing this expense by 15%.

The last area of focus is on utility costs, specifically on reducing them by implementing energy-saving initiatives. Energy-efficient appliances and lighting will be installed throughout the building, and a consistent power-down protocol for all electronics will be established during off-hour times.

Moreover, regular energy audits will be done to detect and repair leaks, with the aim of achieving a 10% reduction in utility costs.

ObjectiveStrategically reduce overhead costs
KRReduce third-party services expenses by negotiating contracts and seeking alternative providers
Research and evaluate potential alternative providers
Review current contracts with third-party service providers
Initiate negotiations for reducing contract costs
KRDecrease office supply expenses by 15% via bulk purchasing and careful monitoring
Identify most frequently used office supplies
Implement a strict monitoring system on usage
Initiate bulk purchases for identified supplies
KRAchieve 10% reduction in utility costs through energy-saving initiatives
Install energy-efficient lighting and appliances throughout the building
Conduct regular energy audits to find and fix leaks
Implement an off-hour power-down protocol for all electronics

Use in Tability

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