Benchmarking

What is Benchmarking:-

It is the process of comparing one's business process and performance metrics to industries bests and/or best practises from other industries. Process benchmarking includes studying process flows, operating systems, process technologies and the operations of target firms and departments.

Also it can be defined as the way of discovering what is the best performance being achieved – whether in a particular company, by a competitor or by entirely different industry. This information can then be used to identify gaps in an organization’s processes to achieve a competitive advantage.

THREE Primary Classifications of Benchmarking:

Although there are many forms of benchmarking, they can be classified into three categories – internal, competitive and strategic.

Internal benchmarking is used when a company already has established and proven best practices and they simply need to share them. Internal benchmarking also may be necessary if comparable industries are not readily available.

Competitive benchmarking is used when a company wants to evaluate its position within its industry. Also, competitive benchmarking is used when a company needs to identify industry leadership performance targets.

Strategic benchmarking is used when identifying and analysing world-class performance. This form of benchmarking is used most when a company needs to go outside of its industry.

• LIST OF 5 SEATER SUV's WITH ALL MAJOR FEATURES:-

MODEL	FUEL TYPE	TRANSMISSION TYPE	MILEAGE (KMPL)	COST (LAKH)
TATA NEXON1.2	PETROL	AUTOMATIC	17.6	10
TATA NEXON1.5	DIESEL	AUTOMATIC	23.97	9.19
MARUTHI SUZUKI VITARA	DIESEL	AUTOMATIC	24.3	9.65
FORD ECO SPORT	DIESEL	MANUAL	23	9.90
HYUNDAI CREAT	DIESEL	MANUAL	23.38	10
KIA SELTOS	DIESEL	MANUAL	2010	9.99

=>If he prefers automatic then TATA NEXON 1.5 will fit in his budget and requirements with good mileage and cargo spac

=>If he prefers manual car then Hyundai creta will be better for him.

=>The top spec Nexon will give you more feature. It also has a more powerful engine with higher torque. The small size of the car also makes it a better option for city commuting.

=>On the other hand, you will get these advantages when buying the Creta: more spacious room, better after service, and last but not least, good resell price. But its feature offer is nowhere to beat Nexon’s top spec models.

LIST OF 5 SEATER SEDANS WITH ALL MAJOR FEATURES:-

MODEL	FUEL TYPE	TRANSMISSION TYPE	MILEAGE (KMPL)	COST (LAKHS)
TATA ZEST XT	DIESEL	MANUAL	23	8.50
MARUTHI SUZUKI CIAZ(SMART HYBRID)	PETRoL	MANUAL	21.56	8.20
TATA ZEST XTA	DIESEL	AUTOMATIC	23	9.23
VOLKSWAGEN AMEO	DIESEL	AUOTMATIC	21.73	10

• If he prefers automatic in sedan then TATA ZEST XTA is better with his budget and requirements and will be suitable for long trip as well as for office drive in the city with considering crowd and even it provides more cargo space for long drive out of the city.

• In case of manual then TATA ZEST XT will be better.

• CONCLUSION:-

  These list of cars can be considered as his preference according to his budget and requirement and opt for as per his convinence.

  • As he prefers big cars then SUV’s can chosen as his first choice and then sedan as the last preference.