6 OKR examples for Procurement Manager

Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.

We've tailored a list of OKRs examples for Procurement Manager 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

Quarterly OKRs should have weekly updates to get all the benefits from the framework.

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKRs-tracking platform to make things easier.

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.

Procurement Manager OKRs templates

We've added Procurement Manager Objectives and Key Results, but also the initiatives that relate to the OKRs.

OKRs to master Microsoft 365 Copilot program for efficient procurement

  • ObjectiveMaster Microsoft 365 Copilot program for efficient procurement
  • Key ResultApply learned procedures to reduce procurement processing time by 25%
  • TaskProvide staff training on efficient procurement procedures
  • TaskImplement automation software for quicker procurement processes
  • TaskMonitor and adjust workflow to eliminate unnecessary steps
  • Key ResultComplete 4 Microsoft 365 Copilot training modules each week
  • TaskAllocate specific time slots to accomplish each selected training module
  • TaskReview and assess understanding after finishing each module
  • TaskIdentify 4 Microsoft 365 Copilot training modules to complete this week
  • Key ResultAchieve 90% score in weekly assessments of the training program
  • TaskPractice with past assessments to understand the format and expected answers
  • TaskAllocate specific hours daily for focused study and revision
  • TaskAttend all training sessions and actively participate in discussions
Turn OKRs into a Strategy Map

OKRs to improve procurement documentation through thorough auditing

  • ObjectiveImprove procurement documentation through thorough auditing
  • Key ResultPropose and implement 3 efficiency-enhancing modifications to the document auditing system
  • TaskImplement the proposed system modifications
  • TaskDevelop efficiency-enhancing modifications for the system
  • TaskIdentify inefficiencies in the current document auditing system
  • Key ResultConduct audits on 100% of free procurement documents weekly
  • TaskSchedule weekly audits for these documents
  • TaskIdentify all free procurement documents for the week
  • TaskReview and report on audit findings
  • Key ResultDetect and report at least 90% of inaccuracies or discrepancies in audited documents
  • TaskReport detected inaccuracies promptly
  • TaskEstablish a detection method for document inaccuracies
  • TaskAnalyze 100% of audited documents systematically

OKRs to enhance the efficiency of indirect purchasing

  • 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

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

  • ObjectiveImprove indirect purchasing to support HR's talent strategies
  • Key ResultNegotiate 10% cost reduction in vendor contracts for HR tools and services
  • TaskDevelop a negotiation strategy focusing on cost reduction
  • TaskIdentify key vendors and analyze existing contracts for negotiation leverage
  • TaskOrganize meetings with vendors to discuss contract renegotiations
  • Key ResultEstablish long-term partnerships with 3 quality talent sourcing agencies
  • TaskSchedule meetings to discuss partnership opportunities
  • TaskResearch and identify potential talent sourcing agencies
  • TaskNegotiate and finalize the agreements
  • Key ResultImplement benefits package appealing to 85% of potential talents by surveying industry standards
  • TaskConduct a survey of industry standards for benefits packages
  • TaskAnalyze survey results to identify popular benefits
  • TaskDesign benefits package based on analyzed data

OKRs to ensure all company devices are asset tagged

  • ObjectiveEnsure all company devices are asset tagged
  • Key ResultSuccessfully tag and update database with 100% of company devices by week 12
  • TaskApply tags and update the database by week 12
  • TaskDevelop an efficient and uniform tagging system by week 10
  • TaskCompile a complete list of all company devices by week 8
  • Key ResultProcure quality asset tags for 100% of identified devices by week 8
  • TaskIdentify and tally all devices that need asset tags
  • TaskResearch and select high-quality asset tags
  • TaskPurchase and assign asset tags to each device
  • Key ResultIdentify and categorize all company-owned devices by end of week 4
  • TaskCompile a list of all company-owned devices
  • TaskVerify and finalize list by end of week 4
  • TaskCategorize devices based on type and function

OKRs to streamline Operational Efficiency

  • ObjectiveStreamline Operational Efficiency
  • Key ResultReduce customer support ticket resolution time by 25% by implementing self-service resources and improving response processes
  • TaskRegularly analyze customer feedback to identify trends and continuously improve response processes
  • TaskImplement chatbots to provide immediate and automated responses to common customer queries
  • TaskStreamline ticket triage and routing processes to ensure faster response times
  • TaskDevelop a comprehensive self-service knowledge base with frequently asked questions and guides
  • Key ResultAchieve a 15% cost reduction in supply chain management through vendor negotiation and procurement efficiency
  • TaskStreamline procurement processes by implementing automation and digitization tools
  • TaskEstablish clear performance metrics and regularly review vendors' performance to ensure efficiency and cost-effectiveness
  • TaskExplore alternative suppliers and evaluate their pricing and terms to maximize cost savings
  • TaskConduct a thorough analysis of current vendors' pricing and identify potential negotiation opportunities
  • Key ResultIncrease employee adoption of new software tools by 30% through comprehensive training and improved user experience
  • Key ResultDecrease average time spent on administrative tasks by 20% through automation and process optimization

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.