- 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: Strategy / Tactical Team OKRs
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 Example 2: Demand Planning / Tactical Team OKRs
Objective
Diversify supply chain
Target Date: Q3-2020
Visibility: All Employees
Key Results
Diversify businesses across 10 geographies to reduce supply chain risks
Diversify Businesses Across Geographies Diversify Production from 20% to 30%
Production Diversify sourcing and logistics by 50%
Sourcing and Logistics Example 3: Demand Planning / Tactical Team OKRs
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
Knock out Negative Effect Develop scenario-based supply chain models and optimization routines
Optimization and Develop Supply Chain Models Select & Train the critical workforce that can handle the turbulence
Train the Critical Workforce Example 4: Demand Planning Team OKRs
Objective
Create intelligent workflows by process mechanization
Target Date: Q3-2020
Visibility: All Employees
Key Results
Deploy digital platform for demand management
Deploy Digital Platform Deploy digital platform for delivery strategies
Deploy Digital Platform Example 5: Strategy Team OKRs
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 at least 2 actionable strategy plans
Develop jointly at least 2 actionable strategy plans Example 6: Purchase Team OKRs
Objective
Establish a digitized sourcing strategy
Target Date: Q3-2020
Visibility: All Employees
Key Results
Build 100% digital Supplier Qualification System
Build Digital Supplier Qualification System Set up supplier dashboards to see exceptions, expiration dates
Set up Supplier Dashboards Example 7: Purchase Team OKRs
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 Reduce Carbon inefficiencies to $ 35K
Education of Carbon Inefficiencies Reduce waste from “recycle-reuse-refurbish” materials to $10K
Recycle-Reuse-Refurbish materials Example 8: Strategy Team OKRs
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: Purchase Team OKRs
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 Example 10: Purchase Team OKRs
Objective
Implement robust decision support systems for value-addition
Target Date: Q3-2020
Visibility: All Employees
Key Results
Increase cases where Prescriptive Analytics is used for making decisions from 2 to 10
Prescriptive AnalyticsReduce the cost of driving down excessive inventory due to Big data analytics recommendation to zero
Cost of Driving Down Excessive Inventory