Benchmarking

benchmark will be done considering the following parameters:

 

1. long drive needs good mileage, good fuel tank capacity, good full driving range

 

2. short drive in city means regenerative braking, idle start-stop to save more fuel.

3. 8-10 lakh cost boundary

4. 5 seater

5. big car needed

CARS maruti suzuki ciaz (1) hyundai verna(2) mahindra XUV300 (3) honda wrv (4) renault kiger (5)             ex-showroom price in lakhs 9.93 9.81 9.6 9.14 9.72 ARAI Mileage 20.6 17.7 20 16.5 20.5 bootspace in litres 510 480 257 363 405 full driving range 887 796 840 660 800 length in mm 4490 4440 3995 3999 3991 fuel tank capacity 43 45 42 40 40

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1. best mileage, best full driving range, good fell tank capacity is shown by car 1.

2. short drive in city means regenerative braking, idle start-stop to save more fuel. car 1 has this feature. 

3. cost boundry is respected by car 1.

4. 5 seater

5. sedan appears to be a big car on road. 

 

so according to the benchmarking (comparison) we can say that the car 1 (maruti suzuki ciaz) is a good fit for the person.

the first pririty will be car 1.

the second priority will be hyundai verna.

this car has specifications very close to the car 1.

 

car 1

 

car 2

car 3

car 4

car 5

 

 

Benchmarking

 

1. it is the process of comparison of products already in the market. we compare features such as material used, parts used, weight, thickness, coating used and other features.

2. the processes, products and operations of a company can be compared to that of the other company.

3. the goal is to improve current methods to meet a higher standard.

4. efficiency can be improved by this.

5. then customer satisfaction and loyalty is strengthened.

6. we can manage changing the methods more effectively and efficiently.

7. it is very similar to market research.

8. internal, external, performance and practice standards can be compared to make the system efficient as a whole.