OKR template to lower unvalued inventory by 10%

public-lib · Published 3 months ago

Your OKR template

The OKR titled "Lower unvalued inventory by 10%" involves reducing non-usable or non-essential stock. The first outcome is to implement disposal or revaluation strategy for half of the items identified, involving evaluating their market value, identifying potential buyers or recyclers, and initiating negotiations or disposal processes.

The second outcome is to identify the top 20% of unvalued items within a fortnight. Achieving this requires ranking items based on certain criteria, establishing criteria for determining their value, and assessing the inventory for potential unvalued items.

The third outcome is a monthly reduction of 5% in the unvalued inventory. To achieve this, the strategies involve increasing sales promotions to remove the unvalued stock, conducting regular audits to spot obsolete inventory, and better management of stock levels.

The cumulation of these steps will lead to a 10% reduction in unvalued inventory. This will improve inventory management, increase useful stock, and reduce costs associated with storing unvalued items.

ObjectiveLower unvalued inventory by 10%
KRImplement disposal or revaluation strategy for 50% of identified items
Evaluate current market value for selected items
Identify potential buyers or recyclers for 50% of identified items
Initiate negotiations or disposal process
KRIdentify top 20% of unvalued items within two weeks
Rank items based on set criteria
Establish criteria for determining item value
Assess inventory for potential unvalued items
KRAchieve 5% reduction in unvalued inventory every month
Increase sales promotions to eliminate unvalued inventory
Conduct regular audits to identify obsolete inventory
Implement a better management system for stock levels

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.

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.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

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.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale