Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Materials OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Materials to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Materials OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Materials OKRs examples
We've added many examples of Materials Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to establish a standard price for raw materials
ObjectiveEstablish a standard price for raw materials
KRConduct market research on raw material costs within three competitor companies
Analyze and compare the gathered data
Gather data on these companies' raw material costs
Identify three competitor companies to analyze
KRCreate a cost-effective and stable supply chain management system by the quarter-end
Implement advanced supply chain management software
Select cost-effective suppliers and negotiate contracts
Identify necessary resources for efficient supply chain operations
KRImplement a negotiation strategy with suppliers to reduce costs by 15%
Execute negotiation meetings with each supplier
Develop a comprehensive negotiation strategy for cost reduction
Identify and analyze current supplier costs and contracts
OKRs to improve investor pitch deck and materials
ObjectiveOptimize investor pitch deck and materials
KRReceive positive feedback from at least 80% of investors
KRIncrease conversion rate of investors reached
KRReduce the average time to close a deal
KRAchieve a 20% increase in investment amount
OKRs to establish standard pricing for raw materials
ObjectiveEstablish standard pricing for raw materials
KRDevelop a mechanism for adjusting the standard price as market conditions change
Analyze recent changes in the market affecting pricing
Develop a flexible pricing model based on analysis
Implement price adjustments on standard products
KRIdentify three cost-effective suppliers for our raw materials
Obtain and compare price quotes from the three shortlisted suppliers
Research potential suppliers based on cost-effectiveness and raw material quality
Evaluate suppliers' reliability, scalability and delivery times
KRConduct market research on current raw material prices by 15 industries
Compile and analyze data to determine market trends
Identify 15 industries relevant to raw material prices
Research current raw material prices for each industry
OKRs to define a standard price for raw materials
ObjectiveDefine a standard price for raw materials
KRReview and adjust the established pricing model basis quarterly sales performance
Make the necessary adjustments to the pricing model
Analyze quarterly sales performance data
Assess the current pricing model in light of data
KRUse data to create a pricing model for various raw materials by month end
Develop a comprehensive pricing model
Collect relevant data on raw material costs
Analyze data trends and fluctuations
KRConduct market research to understand average raw material prices across 10 competitors
Analyze data to determine average price
Research and record each competitor's raw material prices
Identify top 10 competitors in the market
OKRs to ensure all product lines attain organic certification
ObjectiveEnsure all product lines attain organic certification
KRAchieve 100% compliance with organic certification standards
Research current guidelines for organic certification standards
Implement needed changes to meet those standards
Initiate the certification process
KRObtain organic source materials for 100% of our products
Initiate partnerships with chosen organic suppliers
Identify potential suppliers of organic raw materials
Monitor quality control of sourced organic materials
KRSubmit all products for organic certification evaluation
Submit applications to the relevant certification body
Fill and complete relevant certification application forms
Gather all product details required for organic certification
OKRs to establish a standard price for raw materials
ObjectiveEstablish a standard price for raw materials
KRNegotiate a standardized price with a minimum of 3 vendors
Finalize and document agreed upon pricing with vendors
Identify at least 3 vendors for potential price negotiations
Initiate standardized price discussions with selected vendors
KRImplement new pricing model in purchasing system for accuracy
Conduct testing and troubleshooting for new pricing model
Develop new pricing model to enhance accuracy
Integrate new pricing model into purchasing system
KRResearch current market prices of raw materials from 10 suppliers
Reach out to suppliers for their current pricing
Compile and compare pricing information
Identify 10 suppliers of raw materials
Materials OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated OKR dashboards
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Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Materials OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to launch a successful MVP
OKRs to successfully launch startup
OKRs to improve professional development through agreed certifications
OKRs to increase player engagement and regularity in our game
OKRs to enhance client engagement post-representative visit
OKRs to amplify brand popularity and reach across all digital platforms