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tability.ioWhat are Supply Chain 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 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.
Supply Chain Team OKRs examples
You'll find below a list of Objectives and Key Results templates for Supply Chain Team. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
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 streamline operations for cost efficiency
- ObjectiveStreamline operations for cost efficiency
- KRDecrease energy consumption by 20% via sustainability initiatives
- Install energy-efficient lighting and appliances throughout the facility
- Enforce strict conservation policies for water and electricity usage
- Implement a company-wide recycling program
- KRReduce supply chain costs by 15% through vendor renegotiation
- Identify areas of overspending in the current supply chain
- Research vendors with more competitive pricing
- Initiate renegotiation discussions with current suppliers
- KRImplement automation processes, lowering labor costs by 10%
- Evaluate and adjust based on savings analysis
- Implement automation software or technology
- Identify repetitive tasks suitable for automation
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 maximize Efficiency of Supplier Performance
- ObjectiveMaximize Efficiency of Supplier Performance
- KRReduce supplier-related issues/complaints by 30%
- Improve communication channels with suppliers for better understanding
- Implement regular quality control checks
- Offer continuous feedback to suppliers
- KRIncrease supplier on-time delivery rate by 20%
- Regularly evaluate and feedback suppliers on performance
- Establish strict delivery deadlines for all vendors
- Implement a real-time supplier delivery tracking system
- KRImprove Supplier Quality Score by 15%
- Enhance supplier training and certification processes
- Regularly evaluate and review supplier performance
- Implement stricter quality control checks on received supplies
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 secure optimal pricing from third-party vendors
- ObjectiveSecure optimal pricing from third-party vendors
- KRIdentify and initiate discussions with 3 new lower-cost vendors
- Kickstart negotiations around cost and terms with each potential vendor
- Research and list potential lower-cost vendors in marketplace
- Reach out to each vendor for initial consultation or pitch
- KRImplement cost monitoring system for real-time tracking of vendor pricing
- Initiate real-time tracking of vendor pricing
- Research and choose suitable cost monitoring software
- Train staff on using the software for price tracking
- KRNegotiate with 5 existing vendors to lower costs by 10%
- Identify and review current contracts with the five existing vendors
- Prepare a clear, compelling case for cost reduction with supporting data
- Initiate negotiation meetings with each vendor to discuss cost lowering
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
OKRs to achieve significant cost reduction in metal fabrication
- ObjectiveAchieve significant cost reduction in metal fabrication
- KRIdentify and implement at least 3 cost-effective fabrication methods by the end of the quarter
- Research potential cost-effective fabrication methods
- Implement and monitor the selected methods
- Select three most viable methods for implementation
- KRNegotiate supply contracts for raw materials to lower purchase costs by 15%
- Prepare detailed negotiation strategy with cost reduction targets
- Research suppliers for competitive pricing on required raw materials
- Initiate contract negotiations with selected suppliers
- KRReduce waste material in fabrication by 20% to save costs
- Review and optimize fabrication processes to minimize waste
- Invest in waste-reducing technology or equipment
- Implement training on material efficiency for fabrication staff
How to write your own Supply Chain Team OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability 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.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Supply Chain 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
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
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.
How to track your Supply Chain Team OKRs
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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 a proper OKR platform to make things easier.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Supply Chain Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to successfully launch and operationalize MVP 1.0
- OKRs to increase Social Media x3
- OKRs to improve understanding of OKRs
- OKRs to enhance organization skills for efficient billing management
- OKRs to establish a comprehensive skills marketplace
- OKRs to decrease days payable outstanding for better cash flow management