Benchmarking

BENCH-MARKING

EXPLANATION:-

• The benchmarking is a process of comparison.
• The point of bench marking is to identify internal opportunities for improvement.
• By studying subject with superior perfomance breaking down what makes such superior perfomance possible, and then comparing those processes to how your business operates, you can implement changes that will yield significant improvements.

• You want to ready the subject, better then the master pease or parent pease.

STEP BY STEP OF BENCH-MARKING:-

1. Choose a product, service of internal department to benchmark.
2. Determine which best-in-class companies you should benchmark against - which organizations you will compare your business to.
3. Gather information on their internal performance, or metrics.
4. compare the data from both organizations. To indentify gaps in your company's performance.
5. Adopt the processes and pollcies in place with in the best-in-class performers.

EXAMPLES:-

I well take brand of "MARUTI SUZUKI" in models of cars.

1. SUV:-

MODEL DETAILS:-

Price:- 8 - 10 lakhs

Mileage:- 20 - 27 kmpl

Engine:-1462 - 1490 cc

Seating capacity:-5 seaters

2. SEDAN:-

MODEL DETAILS:-

Price:-8 - 10 lakhs

Mileage:-17 - 25 kmpl

Engine:-998 - 1497 cc

Seating capacity:-5 seaters

3.WAGAN R:-

MODEL DETAILS:-

Price:-8 - 10 lakhs

Mileage:-23 - 34 kmpl

Engine:-998 - 1197 cc

Seating capacity:-5 seaters

4.HATCH BACH:-

MODEL DETAILS:-

Price:-8 - 10 lakhs

mileage:-22 - 30 kmpl

Seating capacity:-5 seaters

I will prapose the wagan r model because of the mileage is more and speed is not importent.

The family is enjoying journey with safe and comfortable.

And also the car is looking very good and stylish.