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.

That might mean tweaking a product’s features to more closely match a competitor’s offering, or changing the scope of services you offer, or

installing a new customer relationship management (CRM) system to enable more personalized communications with customers.

There are two basic kinds of improvement opportunities: continuous and dramatic. Continuous improvement is incremental, involving only

small adjustments to reap sizeable advances. Dramatic improvement can only come about through reengineering the whole internal work

process.

Process benchmarking of this kind can operate at several levels:

• Between similar processes in the same factory or service branch
• Between different factories or service branches
• Between different competing organizations
• Between different sectors using the same process

Step-by-Step Benchmarking :

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

1. Choose a product, service, or internal department to benchmark.
2. Determine which best-in-class companies you should benchmark against, which organizations you’ll compare your business to.
3. Gather information on their internal performance, or metrics.
4. Compare the data from both organizations to identify gaps in your company’s performance.
5. Adopt the processes and policies in place within the best-in-class performers.

Benchmarking will point out what changes will make the most difference, but it’s up to you to actually put them in place.

In order to benchmark anything, you need to have quantitative data available to study. That means breaking down internal processes to

calculate performance metrics. Quantify everything, because only quantifiable information can be accurately compared.

Benifits:

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

1. Improving employee understanding of cost structures and internal processes
2. Encouraging team-building and cooperation in the interests of becoming more competitive
3. Enhancing familiarity with key performance metrics and opportunities for improvement company-wide

In essence, benchmarking helps employees understand how one small piece of a company’s processes or products can be the key to major

success, just as one employee’s contributions can lead to a big win.

Requirement:

here i am going to make a benchmark for pughazhyenthii requirment about cars attributes

SUITABLE CARS

TATA NEXON

MAHINDRA XUV 300

HYUNDAI VENUE

MARUTHI SUZUKI BREEZA

TATA NEXON

₹ 7,59,900 - ₹ 13,39,900

Key Specifications of Tata Nexon

MAHINDRA XUV 300

₹ 8.41 - 14.07 Lakh

ARAI Mileage (Certified)	17 kmpl
Top Speed	175 kmph
Engine cc (Displacement)	1197 cc
Number of Gears	6-Speed Manual
number o cylinders	3
Maximum Power	110 HP @ 5000 rpm
Maximum Torque	200 Nm @ 2000-3500 rpm
Ground Clearance	180 mm
Kerb Weight	1368 kg
Boot Space	257 litres
Fuel Tank Capacity	42 litres

HYUNDAI VENUE

Rs.7.53 - 12.72 Lakh

Specification of Hyundai Venue

MARUTHI SUZUKI BREEZA

₹ 7,99,000 - ₹ 13,96,000

ARAI Mileage (Certified)	20.15 kmpl
Top Speed	170+ kmph
Engine cc (Displacement)	1462 cc
Number of Gears	5-Speed MT (Manual Transmission)
Maximum Power	101.6 HP @ 6000 rpm
Maximum Torque	136.8 Nm @ 4400 rpm
Ground Clearance	198 mm
Kerb Weight	1110-1130 kg
Boot Space	328 litres
Fuel Tank Capacity	48 litres

Model and Specifications

CONCLUSION

FROM ABOVE 4 CARS .I would suggest TATA NEXON FOR PUGHAZHENDHI because of high bhp power than other and 5stars in the GNCP safety in crash test, safety is much more important than others and its gud for family , AND Overall perfomance is good and its also have an aggresive look