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What are Supply Chain Management 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 Management 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 Management 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
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 Management OKRs examples
You'll find below a list of Objectives and Key Results templates for Supply Chain Management. 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 enhance efficiency in printing production lineup
ObjectiveEnhance efficiency in printing production lineup
KRReduce printing error rate by 10% through quality control procedures
Regularly update printer software and drivers- Train staff on correct printing procedures
- Implement regular checks and maintenance of printers
- KRDecrease production turnaround time by 7% via improved supply chain management
- Implement real-time tracking for supply chain efficiency
- Provide staff training for efficient inventory management
- Streamline procurement processes to reduce lead times
- KRIncrease throughput by 15% using optimized workflow management
- Identify current bottlenecks in the operation workflow
- Implement an automated workflow management system
- Train staff on optimized workflow best practices
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 streamline onboarding, supply management, and meeting organization
- ObjectiveStreamline onboarding, supply management, and meeting organization
- KRImplement a structured onboarding process for 90% of new hires
- Develop comprehensive onboarding guide for new hires
- Train managers on effective onboarding techniques
- Measure onboarding effectiveness regularly
- KRIncrease meeting efficiency by setting concise agendas for 80% of meetings
- Ensure frequent agenda adherence checks during meetings
- Draft detailed agendas before each meeting
- Apply strict time limitations to each agenda item
- KRReduce supply waste by 15% through a comprehensive inventory system
- Regularly analyze inventory data for wastage patterns
- Train staff on effective supply management and minimization
- Implement a reliable automated inventory tracking system
OKRs to reduce partial deliveries to clients
- ObjectiveReduce partial deliveries to clients
- KRImprove order forecasting accuracy to 90%
- Periodically revise and adjust forecasting models
- Implement advanced forecasting software for data analysis
- Train teams on predictive analytics for forecasting
- KRIncrease efficiency of inventory management by 25%
- Train staff on proper inventory checking procedures
- Implement a real-time online inventory management system
- Regularly review and optimize inventory levels
- KROptimize logistics to ensure 100% on-time delivery
- Conduct regular maintenance checks on delivery vehicles
- Train staff in efficient order processing and dispatch
- Implement a real-time tracking system for all deliveries
OKRs to streamline Operational Efficiency
- ObjectiveStreamline Operational Efficiency
- KRReduce customer support ticket resolution time by 25% by implementing self-service resources and improving response processes
- Regularly analyze customer feedback to identify trends and continuously improve response processes
- Implement chatbots to provide immediate and automated responses to common customer queries
- Streamline ticket triage and routing processes to ensure faster response times
- Develop a comprehensive self-service knowledge base with frequently asked questions and guides
- KRAchieve a 15% cost reduction in supply chain management through vendor negotiation and procurement efficiency
- Streamline procurement processes by implementing automation and digitization tools
- Establish clear performance metrics and regularly review vendors' performance to ensure efficiency and cost-effectiveness
- Explore alternative suppliers and evaluate their pricing and terms to maximize cost savings
- Conduct a thorough analysis of current vendors' pricing and identify potential negotiation opportunities
- KRIncrease employee adoption of new software tools by 30% through comprehensive training and improved user experience
- KRDecrease average time spent on administrative tasks by 20% through automation and process optimization
OKRs to accelerate overall procurement processes
- ObjectiveAccelerate overall procurement processes
- KRSlash approvals waiting time by 25%
- Provide employee training to expedite approvals
- Implement an automated approval system for efficiency
- Prioritize urgent approvals daily
- KRReduce current supplier response times by 20%
- Revisit current contracts and agreements for possible revisions
- Provide timely feedback to suppliers to encourage improvement
- Implement more efficient communication methods with suppliers
- KRDecrease purchase order errors by 30%
- Conduct regular training sessions on proper purchase order submission
- Establish mandatory accuracy checking protocols before submission
- Implement advanced automated software for purchase order management
Supply Chain Management 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
Quarterly OKRs should have weekly updates to get all the 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
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using 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 Management OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to become proficient in Cisco switches configuration and the Headsup app project
- OKRs to increase the customer return rate
- OKRs to enhance capabilities for physical security systems management
- OKRs to boost invoice value for slurry pumps and spares to $800,000
- OKRs to author comprehensive ADRs for Google Cloud Platform at FinTech company
- OKRs to penetrate the Chinese market effectively