Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Supply Chain Analyst OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Supply Chain Analyst to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Supply Chain Analyst OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Supply Chain Analyst OKRs examples
You'll find below a list of Objectives and Key Results templates for Supply Chain Analyst. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
OKRs to establish a standard price for raw materials
ObjectiveEstablish a standard price for raw materials
KRConduct market research on raw material costs within three competitor companies
Analyze and compare the gathered data
Gather data on these companies' raw material costs
Identify three competitor companies to analyze
KRCreate a cost-effective and stable supply chain management system by the quarter-end
Implement advanced supply chain management software
Select cost-effective suppliers and negotiate contracts
Identify necessary resources for efficient supply chain operations
KRImplement a negotiation strategy with suppliers to reduce costs by 15%
Execute negotiation meetings with each supplier
Develop a comprehensive negotiation strategy for cost reduction
Identify and analyze current supplier costs and contracts
OKRs to increase AliExpress purchases
ObjectiveIncrease AliExpress purchases
KRResearch trending products weekly
Browse popular e-commerce sites for current top-selling items
Analyze Google Trends data for rising product searches
Follow relevant industry influencers and note product recommendations
KRPlace orders for at least 5 items per week
Review product availability and pricing from suppliers
Submit at least 5 orders to suppliers each week
Compile a list of desired products for purchase weekly
KRTrack delivery times and customer satisfaction
Set up a system to record and monitor delivery times
Analyze collected data and develop improvement strategies
Create customer satisfaction surveys after product delivery
OKRs to establish standard pricing for raw materials
ObjectiveEstablish standard pricing for raw materials
KRDevelop a mechanism for adjusting the standard price as market conditions change
Analyze recent changes in the market affecting pricing
Develop a flexible pricing model based on analysis
Implement price adjustments on standard products
KRIdentify three cost-effective suppliers for our raw materials
Obtain and compare price quotes from the three shortlisted suppliers
Research potential suppliers based on cost-effectiveness and raw material quality
Evaluate suppliers' reliability, scalability and delivery times
KRConduct market research on current raw material prices by 15 industries
Compile and analyze data to determine market trends
Identify 15 industries relevant to raw material prices
Research current raw material prices for each industry
Supply Chain Analyst OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated OKR dashboards
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OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Supply Chain Analyst OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to radically boost fundraising efficacy and secure debt and equity
OKRs to streamline invoicing and purchasing processes
OKRs to reduce the cost of integrating data sources
OKRs to enhance analytical thinking and problem-solving skills
OKRs to implement strategies for improved success with behaviorally challenged children
OKRs to enhance data literacy levels across the organization