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OKR template to enhance strategic planning and cut costs in category and product management

public-lib · Published 4 months ago

This OKR aims at enhancing the strategic planning and reducing costs in category and product management. The first objective is to develop and implement a strategic category plan for the top 3 selling product lines. The initiatives include identification of these products, creation of a comprehensive plan and its implementation across each line.

The second objective is to increase cost efficiency by improving negotiation skills so as to save 15% on supplier contracts. This will involve enrolling in professional workshops, establishing savings target for each contract and negotiating effectively to ensure savings. It's about being proactive and using effective strategies during supplier discussions.

The third objective is to reduce product development costs by 20% through the implementation of a new budgeting tool. This involves identifying suitable budgeting tools in the market, training the product development team on the selected tool, and closely monitoring and continuously adjusting the implementation process for efficiency.

This OKR is about implementing strategic initiatives to improve overall product management practice, leveraging market research and smart negotiation to cut costs, and building staff capacity to handle new tools and strategies. It's about making informed decisions that drive process improvement and enhance bottom line performance.
  • ObjectiveObjectiveEnhance strategic planning and cut costs in category and product management
  • Key ResultKRDevelop and implement a strategic category plan for 3 top-selling product lines
  • TaskImplement the developed plan across each product line
  • TaskIdentify the three top-selling product lines
  • TaskCreate a comprehensive strategic category plan
  • Key ResultKRIncrease cost efficiency by improving negotiation skills, saving 15% on supplier contracts
  • TaskEnroll in professional negotiation skills workshops
  • TaskEstablish a targeted savings goal for each contract
  • TaskNegotiate supplier contracts effectively to ensure savings
  • Key ResultKRImplement a new budgeting tool to decrease product development costs by 20%
  • TaskMonitor and adjust implementation for efficiency
  • TaskTrain product development team on chosen tool
  • TaskIdentify suitable budgeting tools within the market
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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