Benchmarking

Aim: To expain about Benchmarking and finding a good car for Mr.D.S.Pughazhyendhii by comparing the cars.

Conditions:

1. He has 5 members in his family.

2. He is fond of big cars.

3. The car should be suitable to travel in the city as well as on high ways.

4. His budget is 8 to 10 lakhs.

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 system, process technologies and the operation of target firms and departments.

Also it can be defined as the way of discoveing what is the best performance being acived-whether in a particular company ,by a competiter or by entirely different industry. this information can then used to identify gaps n an organization' process to achieve a competative adavantage.

Three primary classification of Benchmaking :

Althrough there are many forms of benchmarking, they can classified into three categories-internal, competative and strategic.

INTERNAL BENCHMARKING :s used when a company already has established and proven best practices and they smply need to share them.internal benchmarking also may be necessary if comparable industries are not readyly available.

COMPETITIVE BENCHMARKING: is used when a company wnats to evaluate its position wthn its when a company needs to identfy industry leadership performance targets.

STRATEGIC BENCCHMARKING:is used when identifying and analysng world-class performance.Ths form of benchmarking is used most a company needs to go outside of its industry.

STEP-BY-STEP ABOUT BENCHMARKING:

Benchmarking is a simple,but detailed,five -step process.

• Choose a product , service , or nternal department to benchmark.
• Determine which best -in-class companies you should benchmarking against, which organizations you will comapre your business to.
• Gather information on therir internal performance,or matrics.
• compare the data from both organizations to identify gaps n your company's performance.
• adpot the processes and policies in place within the best-in-class performers.

In order to benchmarking anything, you need to have quantitative data available to study. That means breaking down internal processes to calculate performance metrics.Quantify everything, because only quantfable normation can be accurately compred.

BENIFITS:

In addition to helping companies become more efficient and profitable ,benchmarking has other benefits, too much as:

By identifying areas you wish to improve on in your business and benchmarking your existing performance against competitors, your business can strive to enhance your execution tenfold. Using benchmarking this way has allowed businesses to gain strategic advantages over competitors and grow industry averages.

• Monitor Performance

Benchmarking involves looking at current trends in data and projecting future trends depending on what you aim to achieve. In order to know you have been successful, benchmarking needs to be a continuous process. Monitoring performance is an inherent characteristic of it.

• Continuous Improvement

As well as monitoring performance, continuous improvement is an essential attribute of benchmarking. This is because the aim of benchmarking is to improve certain elements of a business. This improvement should not merely be something that improves once and is forgotten, but something that improves over time and is continuous.

• Planning and Goal Setting

Once benchmarking has been carried out, goals and performance metrics are set in order to improve performance. These goals are new, more competitive targets for a company but they must be achievable. If goals are unrealistic to achieve teams become demotivated and goals are destined to remain unfulfilled.

• Encourage Ownership

When companies look at their processes and metrics they need to ask hard questions to get all the answers they need. This includes talking to everyone in the business and understanding their roles. By asking these questions and gaining a better understanding of everyone’s role, ownership of processes and performance is encouraged. This means that employees will take pride in their job and the work they do. This pride leads to better performance and higher-quality end results.

SUGGESTION OF CARS:

• MURUTI SUZUKI BELENO
• TATA NEXON
• HYUNDAI VENUE
• MURUTHI SUZUKI VITARA BREZZA

  MODELS/SPECIFICATION:

  HYUNAI VENUE: diesel

  cost: 9.5-10lakhs

  MODEL:

  

  Specifiactions Summary:

  Mileage (ARAI) kmpl: 17 Kmpl to 23.7Kmpl

  Fuel Type: Petrol / Diesel

  fuel tank capacity:45L

  kerb weight:1081-1230kg

  Transmission: Manual / Automatic

  displacement:1493cc

  max power:98.6hp / 4000rpm

  Length Width Height: 3995*1770*1605

  Seating Capacity: 5

  Boot Space: 350 L

  Power:98.6 bhp/4000rpm

  Torque: 240.26nm / 1500-2750rpm

  Engine Displacement: 998 CC / 1396 CC

  Gear Box: 7-Speed

  

  FEATURES:

  • Power steering
  • anti lock braking system
  • driver airbag
  • automatic climate control
  • alloy wheels
  • power windows front
  • air conditioner
  • passenger airbag
  • fog lights-front.

  2.TATA NEXON:(petrol)

  cost: 8.47 Lakh

  MODEL:

  

  SPECIFICATIONS SUMMARY:

  • Mileage (ARAI) kmpl:17 Kmpl to 21 Kmpl
  • fuel type: petrol
  • fuel tank capacity:44L

  • Gear Box:6 SpeedFuel

  • Type:Petrol / Diesel

  • Transmission:Manual / Automatic

  • Driving Range 773 Km

  • Length Width Height:3994*1811*1607

  • Seating Capacity:5Boot Space:350

  • Power:108.5bhp@3750rpm

  • Torque:260Nm@1500-2750rpm

  • Engine Displacement:1198 CC / 1497 CC

  

  FEATURES:

  • Power steering
  • anti lock braking system
  • driver airbag
  • automatic climate control
  • alloy wheels
  • power windows front
  • air conditioner
  • passenger airbag
  • fog lights-front.

  MURUTHI SUZUKI BELENO:(diesel)

  cost: 9.62 lakhs

  MODEL:

  

  SPECIFICATIONS SUMMARY:

  ARAI Mileage:22.94kmpl

  displacement:1197cc

  power:90hp

  fuel type:

  fuel tank capacity:37L

  Torque:113 n.m

  seating: 5

  Weight:1410Kg

  Engine:1.2L 90HP in-line 4

  Emission Norm compliance Bs vi

  engine displacement :1197cc

  Transmission:Automatic

  FEATURES:

  • Power steering
  • anti lock braking system
  • driver airbag
  • automatic climate control
  • alloy wheels
  • power windows front
  • air conditioner
  • passenger airbag
  • fog lights-front.

  MARUTI SUZUKI VITARA BREZZA:petrol

  cost:9.3 Lakhs

  MODEL:

  

  SPECIFICATION SUMMARY:

  ARAI mileage:18.76Kmpl

  Engine displacement:1462

  Max power :103.26hp / 6000rpm

  fuel type:petrol

  fuel tank capacity:48.0

  seating capacity:5

  max torque: 138nm / 4400 rpm

  transmission : Automatic

  krb weight:1135-1150Kg

  Gross weight:1600Kg

  

  FEATURES:

  • Power steering
  • anti lock braking system
  • driver airbag
  • automatic climate control
  • alloy wheels
  • power windows front
  • air conditioner
  • passenger airbag
  • fog lights-fronts.

    Lets took into differentce between cars Mention above and select which is suitable for The above conditions.

    among them i recommended

    HYNDAI VENUE

    TATA NEXON

  comparison betweem the HYUNDAI VENUE and TATA NEXON
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