Supply chain management is becoming incredibly complex with partners from multiple geographies connected to the global trade ecosystem. With supply chains digitized, you can improve visibility and security, speed up approval processes, and save human drudgery. Your supply chain can become agile with Supply chain OKRs by balancing risk and operational flexibility and managing supply chain disruptions.
Your teams can focus on evaluating supply chain designs and supply chain dependencies to prepare for unexpected disruptions with Supply chain OKRs
Example 1:
Objective
Build a Resilient, technology-ready Supply Chain
Target Date: Q3-2020
Visibility: All Employees
Key Results
100% Capture data across the value chain
Capture data across the value chain Create visibility for the entire Supply Chain just 1 click away
Create Visibility of the Supply Chain Develop early warning systems with AI and blockchain-based technologies
Develop early warning systems with AI and blockchain-based technologies Example 2:
Objective
Diversify supply chain
Target Date: Q3-2020
Visibility: All Employees
Key Results
Diversify businesses across multiple geographies to reduce supply chain risks
Diversify businesses across multiple geographies to reduce supply chain Diversify Production from 20% to 30%
Production Diversify sourcing and logistics by 50%
Sourcing and Logistics Example 3:
Objective
Assess vulnerabilities to exogenous shocks across the entire supply chain
Target Date: Q3-2020
Visibility: All Employees
Key Results
Deploy existing data and use simulation to knock out every possible negative effect
Deploy Existing data and use simulation to knock out every possible negative effect Develop scenario-based supply chain models and optimization routines
Develop scenario-based supply chain models and optimization routines Select & Train the critical workforce that can handle the turbulence
Select & Train the critical workforce that can handle the turbulence Example 4:
Objective
Create intelligent workflows by process mechanization
Target Date: Q3-2020
Visibility: All Employees
Key Results
100% deploy the digital platform for demand management
Deploy the digital platform for demand management 100% Deploy the digital platform for delivery strategies
Deploy the digital platform for delivery strategies Example 5:
Objective
Develop a culture of collaborationy
Target Date: Q3-2020
Visibility: All Employees
Key Results
Collaborate with at least 2 stakeholders
Collaborate with Stakeholders Collaborate with at least 1 competitor in the APAC region
Collaborate Competitor Develop jointly actionable strategies and scenario-based supply chain models and optimization routines.
Develop jointly actionable strategies and scenario-based supply chain models and optimization routines. Example 6:
Objective
Establish a digitized sourcing strategy
Target Date: Q3-2020
Visibility: All Employees
Key Results
Build the Supplier Qualification system by Q3
Build the Supplier Qualification system by Q3 Set up supplier dashboards to see exceptions, expiration dates
Set up supplier dashboards to see exceptions, expiration dates Example 7:
Objective
Include sustainability as a facet in supply chain operations
Target Date: Q3-2020
Visibility: All Employees
Key Results
Increase Sustainability index further 3%
Sustainbility Index Maintain Saving from Education of carbon inefficiencies to $ 35K
Education of Carbon Inefficiencies Maintain Saving from less waste with “recycle-reuse-refurbish” materials to $10K
Recycle-Reuse-Refurbish materials Example 8:
Objective
Include Supply chain function as a key growth enabler
Target Date: Q3-2020
Visibility: All Employees
Key Results
Reduce Number of vendor Complaints on Supply chain to 5
Vendor Complaints Reduce Percentage of Orders with complaints to 2%
Percentage of Orders Example 9:
Objective
Develop forecast accuracy in supply chains
Target Date: Q3-2020
Visibility: All Employees
Key Results
Reduce maximum variance from actuals on Order forecast to 2%
Order Forecast Reduce maximum variance from actuals on the Material forecast to 5%
Material Forecast