OKR template to enhance the efficiency of indirect purchasing

public-lib · Published 3 months ago

The overarching objective of this particular OKR is to enhance the efficiency of indirect purchasing within the organization. There are specific outcomes set to gauge the progress towards this objective. The first one is to reduce indirect purchasing costs by 10%, measures that will be achieved through negotiating better contracts with suppliers, implementing a centralized purchasing system, and eliminating unnecessary spending.

The second outcome is related to the suppliers, aiming to improve vendor satisfaction scores from indirect purchasing by 20%. This goal can be achieved by implementing feedback mechanisms for continuous improvement, streamlining procurement processes for faster processing, and regularly conducting satisfaction surveys among all vendors.

The third outcome focuses on the purchasing process itself with an intention to decrease its time by 15%. This can be accomplished through staff training on time-management and productivity techniques, streamlining approval workflows for quicker decision making, and implementing efficient digital tools to expedite the purchasing process.

In conclusion, the overall objective to enhance the efficiency of indirect purchasing is laid with specific actions that effectively reduce costs, boost supplier satisfaction, and speed up the purchasing process. It leverages negotiations, process improvements, staff training, and digital tools to achieve these outcomes.
  • ObjectiveEnhance the efficiency of indirect purchasing
  • Key ResultReduce indirect purchasing costs by 10%
  • TaskNegotiate better contracts with suppliers to obtain lower prices
  • TaskImplement a centralized purchasing system to reduce overhead costs
  • TaskIdentify and eliminate unnecessary spending in the indirect purchasing process
  • Key ResultImprove vendor satisfaction scores from indirect purchasing by 20%
  • TaskImplement feedback mechanisms for continuous improvement
  • TaskStreamline procurement processes for faster processing
  • TaskRegularly conduct satisfaction surveys among all vendors
  • Key ResultDecrease purchasing process time by 15%
  • TaskTraining staff on time-management and productivity techniques
  • TaskStreamline approval workflows for quicker decision making
  • TaskImplement efficient digital tools to expedite the purchasing process
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