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OKR template to develop a robust vendor management framework

public-lib · Published 5 months ago

This OKR is aimed at developing a robust vendor management framework. The key objective is to train 75% of the procurement team on managing this new framework. This will be achieved through a series of initiatives like scheduling training sessions, identifying the team members who require these sessions, and evaluating their effectiveness once completed.

The second part of this OKR is identifying and categorizing all existing vendors by the end of the quarter. This will be achieved through the development of categorization criteria based on different vendor parameters. A comprehensive list of existing vendors will be compiled and each will be sorted into the appropriate categories.

The last part of the OKR seeks to implement a vendor evaluation criteria for 60% of the categorized vendors. The criteria will be developed based on industry standards. Once the criteria have been applied, an analysis of the results will be performed to identify top categories for 60% of the vendors.

Each of these targets will be measured by specific percentage points that represent progress, from 0.0 to 100.0. The score format, _number_%, indicates that the outcomes will be evaluated numerically, providing a clear measure of the success of each objective.
  • ObjectiveObjectiveDevelop a robust vendor management framework
  • Key ResultKRTrain 75% of procurement team in using the new vendor management system
  • TaskSchedule vendor management system training sessions
  • TaskIdentify which team members require training
  • TaskEvaluate training effectiveness post-completion
  • Key ResultKRIdentify and categorize 100% of existing vendors by end of quarter
  • TaskDevelop categorization criteria based on vendor parameters
  • TaskCompile a comprehensive list of all existing vendors
  • TaskSort each vendor into the corresponding categories
  • Key ResultKRImplement vendor evaluation criteria for 60% of categorized vendors
  • TaskDevelop evaluation criteria based on industry standards
  • TaskApply evaluation criteria and analyze results
  • TaskIdentify top categories for 60% of our vendors
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.

Tability Import Options

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.

Copy from the template

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Importing from text

Now, just click on Import from text and let the magic happen.

Tability editor with imported content

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.

Publish import

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

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