Benchmarking

BENCHMARKING

Benchmarking is the practice of comparing business process and perfomance metric to industry bests and best practices from other companies.In the process of best practice benchmarking, management identifies the best firms in their industry, or in another industry where similar processes exist, and compares the results and processes of those studied (the "targets") to one's own results and processes. In this way, they learn how well the targets perform and, more importantly, the business processes that explain why these firms are successful.

BENCHMARKING 1 (PRODUCT LEVEL ):

Product performance benchmarks are the reference points used for comparing your product to others. As in other spheres of Comparison, percentiles are often used to describe how well or how poorly your product is performing in particular KPIs relative To products of similar size and vertical.

In order for product measurement to be useful, there needs to be meaning behind the numbers. By comparing perfomance to industry standards , a company can better understand relative performance, including where they have a competitive advantage as well as any areas for improvement .

BENCHMARKING 2 ( PART LEVEL ) :

Benchmarking 2 is the detail report of benchmarking 1. In this stage the BIW engineers have concentrate in part of the object briefly which they have to improve . Part level benchmarking have the analysis report which includes material, thickness, number of parts, total weight .

In this stage the BIW engineers not only study their own parts but also study the parent parts and the competitors parts. from which he conclude how the material is , if the material satisfies the requirements or not , how to reduce thee parts and how to reduce the total weight of the whole product .

PROCESS OF BENCHMARKING :

• Select subject
• define the process
• Identify potential partners
• Identify data sourses
• collect data and select all partners
• Determine the gap
• Establish process differences
• Target future perfomance
• Communicate
• Adjust goals
• Implement
• Review and recalibrate

HONDA AMAZE

PRICE :

8.30 - 9.64 Lakhs

SPECIFICATIONS :

• 4 Cylinder petrol engine
• Maximum power of 88.50 Bhp
• Maximum torque of 110 Nm
• Boot space 720 litres
• Body type - Sedan
• Engine displacement - 1199 cc
• Multifunction steering wheel
• ARAI Mileage - 18.6 kmpl

KOOL ASPECTS :

• Spaceous cabin , Big boot space
• Fuel efficient engines
• Ease of driving
• Passenger air bags
• Antolock braking system

BAD ASPECTS :

• Fit and finish in lower areas of cabin
• Rear head room tight for tall occupants

NISSAN MAGNITE

PRICE :

8.91 - 10.20 Lakhs

SPECIFICATIONS :

• 3 Cylinder petrol engine
• Maximum power of 98.63 Bhp
• Maximum torque of 152 Nm
• Boot space 332 litres
• Body type - SUV
• Engine displacement - 999 cc
• Multifunctional steering wheel
• ARAI Mileage - 17.7 kmpl

KOOL ASPECTS :

• Cruise control
• 360 degree camera
• peppy perfomance
• Automatic transmission type
• Driver , passenger air bag
• Automatic climatic control

BAD ASPECTS :

• Stiff and basic ride quality
• No fog lights available
• Power folding not available

RENAULT KIGER

PRICE :

8.60 - 9.85 Lakhs

SPECIFICATIONS :

• 3 Cylinder petrol engine
• Maximum power of 71.01 Bhp
• Maximum torque of 98 Nm
• Boot space of 405 litres
• Body type - SUV
• Engine displacement - 999 cc
• Multifunctional steering wheel
• ARAI Mileage - 19.03 kmpl

KOOL ASPECTS :

• Turbo power
• Big body
• Automatic convienience
• Touch screen
• Engine start stop button

BAD ASPECTS :

• Limited shoulder room in second row
• Expensive to maintain
• Cruise control not available

TATA PUNCH

PRICE :

7.30 - 8.43 Lakhs

SPECIFICATIONS :

• 3 Cylinder petrol engine
• Maximum power of 80.48 Bhp
• Maximum toque of 113 Nm
• Boot space of 366 litres
• Body type - SUV
• Engine displacement - 1199 cc
• Multi function steering wheel
• ARAI Mileage - 18.82 kmpl

KOOL ASPECTS :

• Offers good driveability inside car
• Cruise control , traction pro
• Best safety packages
• Anti lock braking system
• Keyless entry
• Accessory power outlet

BAD ASPECTS :

• Suspention has firm tune
• High way perfomance above 100 kmph

CONCLUSION

I Would suggest TATA PUNCH because of the perfomance and best ride quality, number of special features and best safety features compared to other cars