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What are Supply Chain Management Team 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.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Supply Chain Management Team to assist you. Feel free to explore the templates below for inspiration in setting 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 Supply Chain Management Team 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
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.
Supply Chain Management Team OKRs examples
We've added many examples of Supply Chain Management Team 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 enhance efficiency in printing production lineup
- ObjectiveEnhance efficiency in printing production lineup
- KRReduce printing error rate by 10% through quality control procedures
- Regularly update printer software and drivers
- Train staff on correct printing procedures
- Implement regular checks and maintenance of printers
- KRDecrease production turnaround time by 7% via improved supply chain management
- Implement real-time tracking for supply chain efficiency
- Provide staff training for efficient inventory management
- Streamline procurement processes to reduce lead times
- KRIncrease throughput by 15% using optimized workflow management
- Identify current bottlenecks in the operation workflow
- Implement an automated workflow management system
- Train staff on optimized workflow best practices
OKRs to increase AliExpress purchases
- ObjectiveIncrease AliExpress purchases
- KRResearch trending products weekly
- Browse popular e-commerce sites for current top-selling items
- Analyze Google Trends data for rising product searches
- Follow relevant industry influencers and note product recommendations
- KRPlace orders for at least 5 items per week
- Review product availability and pricing from suppliers
- Submit at least 5 orders to suppliers each week
- Compile a list of desired products for purchase weekly
- KRTrack delivery times and customer satisfaction
- Set up a system to record and monitor delivery times
- Analyze collected data and develop improvement strategies
- Create customer satisfaction surveys after product delivery
OKRs to double weekly cocoa purchases from December harvest
- ObjectiveDouble weekly cocoa purchases from December harvest
- KRImprove cocoa purchase process efficiency to reduce time spent by 30%
- Implement automated system for cocoa supply ordering and tracking
- Review and streamline existing purchase procedures
- Train staff on efficient cocoa purchase strategies
- KRSecure 3 new reliable cocoa suppliers by next quarter
- Finalize agreements with chosen suppliers
- Initiate contact and assess potential suppliers
- Research and identify reliable cocoa suppliers worldwide
- KRIncrease weekly purchases agreement with existing suppliers by 50%
- Develop incentive programs for higher volume purchases
- Improve forecasting accuracy to justify increased volumes
- Initiate negotiations to revise current supplier contracts
OKRs to streamline onboarding, supply management, and meeting organization
- ObjectiveStreamline onboarding, supply management, and meeting organization
- KRImplement a structured onboarding process for 90% of new hires
- Develop comprehensive onboarding guide for new hires
- Train managers on effective onboarding techniques
- Measure onboarding effectiveness regularly
- KRIncrease meeting efficiency by setting concise agendas for 80% of meetings
- Ensure frequent agenda adherence checks during meetings
- Draft detailed agendas before each meeting
- Apply strict time limitations to each agenda item
- KRReduce supply waste by 15% through a comprehensive inventory system
- Regularly analyze inventory data for wastage patterns
- Train staff on effective supply management and minimization
- Implement a reliable automated inventory tracking system
OKRs to reduce partial deliveries to clients
- ObjectiveReduce partial deliveries to clients
- KRImprove order forecasting accuracy to 90%
- Periodically revise and adjust forecasting models
- Implement advanced forecasting software for data analysis
- Train teams on predictive analytics for forecasting
- KRIncrease efficiency of inventory management by 25%
- Train staff on proper inventory checking procedures
- Implement a real-time online inventory management system
- Regularly review and optimize inventory levels
- KROptimize logistics to ensure 100% on-time delivery
- Conduct regular maintenance checks on delivery vehicles
- Train staff in efficient order processing and dispatch
- Implement a real-time tracking system for all deliveries
OKRs to accelerate overall procurement processes
- ObjectiveAccelerate overall procurement processes
- KRSlash approvals waiting time by 25%
- Provide employee training to expedite approvals
- Implement an automated approval system for efficiency
- Prioritize urgent approvals daily
- KRReduce current supplier response times by 20%
- Revisit current contracts and agreements for possible revisions
- Provide timely feedback to suppliers to encourage improvement
- Implement more efficient communication methods with suppliers
- KRDecrease purchase order errors by 30%
- Conduct regular training sessions on proper purchase order submission
- Establish mandatory accuracy checking protocols before submission
- Implement advanced automated software for purchase order management
OKRs to streamline Operational Efficiency
- ObjectiveStreamline Operational Efficiency
- KRReduce customer support ticket resolution time by 25% by implementing self-service resources and improving response processes
- Regularly analyze customer feedback to identify trends and continuously improve response processes
- Implement chatbots to provide immediate and automated responses to common customer queries
- Streamline ticket triage and routing processes to ensure faster response times
- Develop a comprehensive self-service knowledge base with frequently asked questions and guides
- KRAchieve a 15% cost reduction in supply chain management through vendor negotiation and procurement efficiency
- Streamline procurement processes by implementing automation and digitization tools
- Establish clear performance metrics and regularly review vendors' performance to ensure efficiency and cost-effectiveness
- Explore alternative suppliers and evaluate their pricing and terms to maximize cost savings
- Conduct a thorough analysis of current vendors' pricing and identify potential negotiation opportunities
- KRIncrease employee adoption of new software tools by 30% through comprehensive training and improved user experience
- KRDecrease average time spent on administrative tasks by 20% through automation and process optimization
Supply Chain Management Team 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
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
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
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
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
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full 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
Spreadsheets are enough to get started. Then, once you need to scale you can use 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 Supply Chain Management Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to earn an A grade in my English class
- OKRs to secure satisfying employment amidst summer distractions
- OKRs to achieve consistent delivery of a high-quality application
- OKRs to amplify lead generation via social media platforms
- OKRs to become the brand leader in our category
- OKRs to enhance provision of advisory services