A starting point for clearer priorities and measurable progress. Make the targets your own.
Suggested timeframe: Set with your team1 objective · 3 key results
YOUR STARTING POINTTeam OKRs
OBJECTIVE
Acquire cost-effective new media for Wallop
KR 1
Negotiate at least 30% reduction in costs with 3 existing media vendors
KR 2
Improve internal media procurement processes to reduce acquisition costs by 20%
KR 3
Identify and establish partnerships with 5 new low-cost media providers
Ideas to get you moving
Conduct negotiation meetings with vendors
Draft proposal for 30% cost reduction
Identify top three media vendors for negotiation
Train staff on cost-effective procurement strategies
Implement centralized purchasing to streamline buying process
Negotiate bulk rates with preferred media vendors
Research potential low-cost media providers in the market
Evaluate options based on cost, services and reputation
Reach out and establish contracts with chosen providers
Example targets. Adapt to your baseline before you start.
About this template
The overall goal in this OKR is to acquire cost-effective new media for a company named Wallop. The main strategy is to negotiate at least 30% reduction in costs with three existing media vendors. The initiatives here involve identifying the top vendors, drafting a proposal for cost reduction, and conducting negotiation meetings.
Apart from negotiating with existing vendors, the second objective is to improve internal media procurement processes to reduce acquisition costs by 20%. The company plans to attend this by training staff on cost-effective procurement strategies, implementing centralized purchasing to streamline the buying process, and negotiating bulk rates with preferred media vendors.
A third objective in this OKR aims at identifying and establishing partnerships with five new low-cost media providers. To achieve this, the company will research potential low-cost media providers in the market, evaluate options based on cost, services, and reputation; then reach out and establish contracts with chosen providers.
Summarily, these objectives aim at driving cost-effectiveness in media procurement for Wallop. The company is set to negotiate better deals with current vendors, improve its internal procurement strategy, and find new affordable media partners.
Make it work for your team
01
Set your baseline. Check where you are today, then choose targets that stretch your team.
02
Agree on ownership. Give each key result a clear owner and a source of data.
03
Check in every week. Review the numbers, share confidence, and decide what needs attention.
Get this template as YAML
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---
title: Acquire cost-effective new media for Wallop
objectives:
- title: Acquire cost-effective new media for Wallop
outcomes:
- title: Negotiate at least 30% reduction in costs with 3 existing media vendors
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Conduct negotiation meetings with vendors
- title: Draft proposal for 30% cost reduction
- title: Identify top three media vendors for negotiation
- title: Improve internal media procurement processes to reduce acquisition costs
by 20%
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Train staff on cost-effective procurement strategies
- title: Implement centralized purchasing to streamline buying process
- title: Negotiate bulk rates with preferred media vendors
- title: Identify and establish partnerships with 5 new low-cost media providers
from: 0.0
to: 100.0
score_format: _number_%
initiatives:
- title: Research potential low-cost media providers in the market
- title: Evaluate options based on cost, services and reputation
- title: Reach out and establish contracts with chosen providers
Team OKR example
Suggested timeframe: Set with your team
1 objective · 3 key results
Example targets. Adapt to your baseline before you start.