OKR template to achieve significant reduction in operations cost
Your OKR template
The second objective targets cost reduction in material procurement. This involves sourcing 20% of materials from lower-cost suppliers, without compromising quality. The strategy laid out includes transitioning orders, ensuring material quality through tests, and identifying potential low-cost yet high-quality suppliers.
The third objective focuses on labor cost reduction through process automation. It involves identifying three operations processes that are suitable for automation. Steps to actualize this include researching and selecting the appropriate automation software, and training staff on how to use the new automation tools.
Overall, these objectives are directed towards achieving significant cost reduction, improving efficiency and maintaining quality. The initiatives are strategic and intended to provide a balance between cost management and operational excellence.
ObjectiveAchieve significant reduction in operations cost
KRDecrease monthly overhead expenses by at least 10%
Identify and eliminate unnecessary services or subscriptions- Negotiate lower costs with vendors or suppliers
- Implement energy-efficient practices in office operations
- KRProcure 20% of materials from lower-cost suppliers without compromising quality
- Transition 20% of orders to selected suppliers
- Conduct sample tests to ensure material quality
- Identify potential lower-cost suppliers with high-quality materials
- KRImplement automation in 3 operations processes to save labor cost
- Identify 3 operations processes suitable for automation
- Research and select suitable automation software
- Train staff on new automation tools
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