2 OKR examples for Indirect Purchasing

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Indirect Purchasing to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read more about the OKR meaning online.

Best practices for OKR

Your objectives should be ambitious, but achievable. Your key results should be measurable and time-bound. It can also be helfpul to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Building your own OKRs with AI

While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives – including a GPT-4 powered goal generator

How to track OKRs

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework.

Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.

We recommend Tability for an easy way to set and track OKRs with your team.

Check out the 5 best OKR tracking templates to find the best way to monitor progress during the quarter.

Indirect Purchasing OKRs templates

You'll find below a list of Objectives and Key Results for Indirect Purchasing.

OKRs to enhance the efficiency of indirect purchasing

Enhance the efficiency of indirect purchasing
Reduce indirect purchasing costs by 10%
Negotiate better contracts with suppliers to obtain lower prices
Implement a centralized purchasing system to reduce overhead costs
Identify and eliminate unnecessary spending in the indirect purchasing process
Improve vendor satisfaction scores from indirect purchasing by 20%
Implement feedback mechanisms for continuous improvement
Streamline procurement processes for faster processing
Regularly conduct satisfaction surveys among all vendors
Decrease purchasing process time by 15%
Training staff on time-management and productivity techniques
Streamline approval workflows for quicker decision making
Implement efficient digital tools to expedite the purchasing process

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OKRs to improve indirect purchasing to support HR's talent strategies

Improve indirect purchasing to support HR's talent strategies
Negotiate 10% cost reduction in vendor contracts for HR tools and services
Develop a negotiation strategy focusing on cost reduction
Identify key vendors and analyze existing contracts for negotiation leverage
Organize meetings with vendors to discuss contract renegotiations
Establish long-term partnerships with 3 quality talent sourcing agencies
Schedule meetings to discuss partnership opportunities
Research and identify potential talent sourcing agencies
Negotiate and finalize the agreements
Implement benefits package appealing to 85% of potential talents by surveying industry standards
Conduct a survey of industry standards for benefits packages
Analyze survey results to identify popular benefits
Design benefits package based on analyzed data

indirect-purchasing talent-strategies hr-managers procurement-officers human-resources procurement-team

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More OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

To learn: Complete 2024 OKR cheat sheet
Blog posts: ODT Blog
Success metrics: KPIs examples