Increase and diversify our portfolio of local, small-scale, and minority-owned vendors
A starting point for clearer priorities and measurable progress. Make the targets your own.
Suggested timeframe: Set with your team1 objective · 3 key results
YOUR STARTING POINTTeam OKRs
OBJECTIVE
Increase and diversify our portfolio of local, small-scale, and minority-owned vendors
KR 1
Create and implement a supplier diversity policy within the organization
KR 2
Increase procurement from woman- and minority-owned vendors by 25%
KR 3
Identify and onboard at least 20 new local, small-scale vendors by quarter end
Ideas to get you moving
Draft a comprehensive supplier diversity policy for the organization
Conduct training sessions to implement the policy
Obtain leadership approval for the proposed policy
Develop partnerships with these targeted vendors
Organize procurement training focusing on diversity
Identify potential woman- and minority-owned suppliers
Facilitate onboarding process for selected vendors
Research potential local, small-scale vendors
Initiate contact and build relationships
Example targets. Adapt to your baseline before you start.
About this template
This OKR aims to enhance and diversify the company's list of local, small-scale, and minority-owned suppliers. This will be achieved by initiating and enforcing a supplier diversity policy within the organization. Activities planned include drafting an inclusive supplier diversity policy, conducting training sessions for application and getting leadership's endorsement for the proposed policy.
The second segment of the OKR focuses on increasing procurement from women- and minority-owned stakeholders by 25%. This involves the growth of partnerships with targeted vendors, organizing procurement training emphasizing diversity and identifying promising minority-owned suppliers.
The final component of the OKR seeks to identify and incorporate at least 20 new local, small-scale suppliers by the end of the quarter. Onboarding strategies for chosen vendors will be further developed, potential local, small-scale vendors will be researched, and initial contact and relationship-building with potential vendors will be initiated.
Through this OKR, the company is committed to expanding the diversity of its supplier base, fostering equal opportunities, and uplifting local economies by partnering with small-scale vendors. These changes also mirror the company’s commitment to diversity and inclusion, benefiting both the organization and the wider community it operates within.
Make it work for your team
01
Set your baseline. Check where you are today, then choose targets that stretch your team.
02
Agree on ownership. Give each key result a clear owner and a source of data.
03
Check in every week. Review the numbers, share confidence, and decide what needs attention.
Get this template as YAML
A machine-readable version of this example for a script or AI assistant.
---
title: Increase and diversify our portfolio of local, small-scale, and minority-owned
vendors
objectives:
- title: Increase and diversify our portfolio of local, small-scale, and minority-owned
vendors
outcomes:
- title: Create and implement a supplier diversity policy within the organization
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Draft a comprehensive supplier diversity policy for the organization
- title: Conduct training sessions to implement the policy
- title: Obtain leadership approval for the proposed policy
- title: Increase procurement from woman- and minority-owned vendors by 25%
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Develop partnerships with these targeted vendors
- title: Organize procurement training focusing on diversity
- title: Identify potential woman- and minority-owned suppliers
- title: Identify and onboard at least 20 new local, small-scale vendors by quarter
end
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Facilitate onboarding process for selected vendors
- title: Research potential local, small-scale vendors
- title: Initiate contact and build relationships