Presented herein is an “In-situ OAM” (IOAM) mechanism that uses a Segment Routing-Multiprotocol Label Switching (SR-MPLS) IOAM segment identifier that can selectively collect IOAM data from “target” network nodes along a data packet path. In one embodiment, a method includes receiving, at a first network node in the SR-MPLS network, a data packet that includes an MPLS label stack comprising a plurality of segment identifiers (SIDs) associated with a plurality of network nodes. The MPLS label stack includes a first SID associated with the first network node. The method includes determining whether the first SID is an IOAM SID or a regular SID. Upon determining that the first SID is the IOAM SID, the method includes implementing an IOAM function at the first network node. Upon determining that the first SID is the regular SID, the method includes processing the data packet without implementing an IOAM function.