Benchmarking

BENCHMARKING

Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, “best in class.” The point of benchmarking is to identify internal opportunities for improvement.

By studying companies with superior performance, breaking down what makes such superior performance possible, and then comparing those processes to how your business operates, you can implement changes that will yield significant improvements.

STEPS IN BENCHMARKING

1. Select a subject to benchmark.
2. Decide which organizations or companies you want to benchmark.
3. Document your current processes.
4. Collect and analyze data.
5. Measure your performance against the data you've collected.
6. Create a plan.
7. Implement the changes
8. Repeat the process

SUGGESTABLE CARS

1. Kia sonet
2. Huyndai venue
3. Ford ecosport
4. Tata nexon

KIA SONET

HUYNDAI VENUE

FORD ECOSPORT

TATA NEXON

CONCLUSION

I have selected a vehicle to do a benchmarking for a Pughazhyendhi requirement. the four different cars are has their own unique specifications, in order to select a vehicle from the above 4 as mentioned by the selecting criteria, more confusion is there between the two-vehicle Ford Ecosport and Tata Nexon. As both the vehicle comes under a price bracket if 8 to 10 lakhs. Also, both cars have a seating capacity of 5 people and are preferred for city and highway rides as well, as both are having good safety ratings and dimension wise both are quite the same. However, Ecosport is having more ground clearance which is preferred for city rides. Also, fuel economy wise both are the same but the maintenance cost when compared, it is a ford which proves to be most economical and this is a good factor apart from safety, ground clearance and mileage.

After a complete analyse among the four cars i picked up a FORD ECOSPORT is my recomendation.