Discover Tability AI: the AI platform that helps you drive OKRs, strategies and metrics

OKR template to enhance the efficiency of indirect purchasing

public-lib · Published 6 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.
  • ObjectiveObjectiveEnhance the efficiency of indirect purchasing
  • Key ResultKRReduce 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 ResultKRImprove 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 ResultKRDecrease 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
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.

Related OKRs examples