Challenge

Benchmarking

CHALLENGE: 1

ACCORDING TO PUGHAZHYENDHII BUDGET, HE SHOULD GO FOR SUV’S (SPORT UTILITY VEHICLE) CAR SUCH AS:

THE DETAILED REPORT ON BENCHMARKING CAN BE GIVEN AS:
THE VEHICLE DEVELOPMENT PROCESS START’S WITH BENCHMARKING.
BENCHMARKING IS A PARAMETER OR STANDARD COMPARISON OF COMPONENTS OR PARTS OF A VEHICLE.
IN GENERAL TERMS, WE ARE MAKING COMPARISONS BETWEEN COMPONENTS OR PARTS TO DEVELOP A NEW VEHICLE.
STEP-BY-STEP BENCHMARKING
- BENCHMARKING IS A SIMPLE, BUT DETAILED, FIVE-STEP PROCESS:
  - FIRST STEP: CHOOSE A PRODUCT, AN INTERNAL DEPARTMENT, OR A SERVICE TO BENCHMARK.
  - SECOND STEP: DETERMINE WHICH BEST-IN-CLASS COMPANIES YOU SHOULD BENCHMARK AGAINST, AND WHICH ORGANIZATIONS YOU’LL COMPARE YOUR BUSINESS TO.
  - THIRD STEP: GATHER INFORMATION ON THEIR INTERNAL PERFORMANCE OR METRICS.
  - FOURTH STEP: COMPARE THE DATA FROM BOTH ORGANIZATIONS TO IDENTIFY GAPS IN YOUR COMPANY’S PERFORMANCE.
  - FIFTH STEP: ADOPT THE PROCESSES AND POLICIES IN PLACE WITHIN THE BEST-IN-CLASS PERFORMERS.
TO GET MORE UNDERSTANDING, LET’S CONSIDER THE PUGHAZHYEDHII CASE, AND A COMPARISON OF 4-VEHICLES CAN BE GIVEN AS:

NOTE:

COMPARISON IS MADE ON THE BASIS OF DOMINATING FACTOR

FROM THE ABOVE CONCLUSION PUGHAZHYENDHII SHOULD GO FOR TATA PUNCH, DUE TO ITS DOMINATION OVER THE OTHER 3-VEHICLES.

Ship work like this
in your own course.