Benchmarking
Benchmarking
- Benchmark with presently available cars in the market for the following case.
As per my suggestion the following car is best budget which comes under 8 to 10 lakhs for Mr. D.S. Pughazhyendhii family.
On-Road Price for Bangalore
HYUNDAI I20
Hyundai i20 price starts at ₹ 6.85 Lakh and goes upto ₹ 11.35 Lakh. The price of Petrol version for i20 ranges between ₹ 6.85 Lakh - ₹ 11.35 Lakh and the price of Diesel version for i20 ranges between ₹ 8.21 Lakh - ₹ 10.77 Lakh.
KIA SONET
Kia Sonet price starts at ₹ 8.19 Lakh and goes upto ₹ 16.53 Lakh. The price of Petrol version for Sonet ranges between ₹ 8.19 Lakh - ₹ 16.14 Lakh and the price of Diesel version for Sonet ranges between ₹ 10.03 Lakh - ₹ 16.53 Lakh.
HYUNDAI AURA
Hyundai Aura price starts at ₹ 7.28 Lakh and goes upto ₹ 11.31 Lakh. The price of Petrol version for Aura ranges between ₹ 7.28 Lakh - ₹ 10.50 Lakh, the price of CNG version for Aura is ₹ 9.19 Lakh and the price of Diesel version for Aura ranges between ₹ 9.58 Lakh - ₹ 11.31 Lakh.
FORD FREESTYLE
Ford Freestyle price starts at ₹ 8.83 Lakh and goes upto ₹ 10.92 Lakh. The price of Petrol version for Freestyle ranges between ₹ 8.83 Lakh - ₹ 9.60 Lakh and the price of Diesel version for Freestyle ranges between ₹ 10.14 Lakh - ₹ 10.92 Lakh.
HONDA AMAZE
he price of Honda Amaze starts at Rs. 6.63 Lakh and goes upto Rs. 11.50 Lakh. Honda Amaze is offered in 9 variants - the base model of Amaze is E and the top variant Honda Amaze VX CVT Diesel which comes at a price tag of Rs. 11.50 Lakh.
TOYOTA GLANZA
Toyota Glanza price starts at ₹ 8.82 Lakh and goes upto ₹ 11.31 Lakh. The price of Petrol version for Glanza ranges between ₹ 8.82 Lakh - ₹ 11.31 Lakh.
HONDA JAZZ
Honda Jazz price starts at ₹ 9.31 Lakh and goes upto ₹ 12.01 Lakh. The price of Petrol version for Jazz ranges between ₹ 9.31 Lakh - ₹ 12.01 Lakh.
FORD FIGO
Ford Figo price starts at ₹ 7.10 Lakh and goes upto ₹ 10.14 Lakh. The price of Petrol version for Figo ranges between ₹ 7.10 Lakh - ₹ 8.83 Lakh and the price of Diesel version for Figo ranges between ₹ 9.60 Lakh - ₹ 10.14 Lakh.
HYUNDAI GRAND I10 NIOS
Hyundai Grand i10 Nios price starts at ₹ 6.40 Lakh and goes upto ₹ 10.23 Lakh. The price of Petrol version for Grand i10 Nios ranges between ₹ 6.40 Lakh - ₹ 9.53 Lakh, the price of CNG version for Grand i10 Nios ranges between ₹ 8.33 Lakh - ₹ 8.96 Lakh and the price of Diesel version for Grand i10 Nios ranges between ₹ 8.69 Lakh - ₹ 10.23 Lakh.
MARUTI SUZUKI BALENO
Maruti Suzuki Baleno price starts at ₹ 7.32 Lakh and goes upto ₹ 11.31 Lakh. The price of Petrol version for Baleno ranges between ₹ 7.32 Lakh - ₹ 11.31 Lakh.
- Prepare a report explaining what is benchmarking
Benchmarking is the practice of comparing business processes and performance metrics against industry best standards and best practices from other companies. Parameters such as quality, time and cost are usually measured.
Benchmarking is used to measure performance using a specific metric (cost per unit of measurement, performance per unit of measurement, cycle time per unit x, or defect per unit), resulting in a measurement of performance Which is compared with others.
The 12 stage methodology consists of:
- Select subject
- Define the process
- Identify potential partners
- Identify data sources
- Collect data and select all partners
- Determine the gap
- Establish process differences
- Target future performance
- Communicate
- Adjust goal
- Implement
- Review and recalibrate
Technical benchmarking is performed by design staff to determine the capabilities of products or services, especially in comparison to the products or services of leading competitors. For example, on a scale of one to four, four being best, how do designers rank the properties of your organization’s products or services? If you cannot obtain hard data, the design efforts may be insufficient, and products or services may be inadequate to be competitive.
Benchmarking in the automobile industry
Benchmarking involves a structured comparison between similar products, services or processes on some dimensions of performance. For example it can be used to compare the availability and delivery of features in a product and in this form often provides the basis of consumer tests and reviews. These look at products and services and provide recommendations based on which is best or some form of ranking amongst competitors.
It is particularly useful when comparing not only performance but also practice – in other words what do the different organizations do to enable that performance to be delivered? And applied in this way it is a powerful tool in process innovation sin e studying how the ‘best’ achieve their performance can provide powerful clues for changing the way processes operate. 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
- Compare at least 4 vehicles.
Comparisons between Hyundai Aura vs Honda Amaze vs Honda Jazz vs Kia Sonet
- Provide a proper conclusion for the report, suggesting a suitable vehicle among the comparison made.
At last, the final car for Mr. D.S. Pughazhyendhii from my side is Hyundai Aura which is ₹ 8.87 Lakh. Tata Altroz SX Plus Turbo is the petrol variant in the Aura lineup and is priced at ₹ 8.87 Lakh.It returns a certified mileage of 20.5 kmpl. This SX Plus Turbo variant comes with an engine putting out 98.63bhp@6000rpm of max power and max torque respectively. Hyundai Aura SX Plus Turbo is available in Manual transmission and offered in 5 colours: Harbour Blue, Midtown Grey, HighStreet Gold, Downtown Red and Avenue White.Here I am suggesting Hyundai Aura because of few reasons,
- Hyundai Aura, probably the most stylish looking Sedan of the lot
- This car has Four Star G-NCAP safety rating.
- Also, it has a maximum feature loaded and spacious cabin.
In addition, this vehicle has received 4.7 user ratings and reviews among other vehicles. This is great for long trips and regular fluctuations. Its cold glovebox is useful in summer. Good appearance and features. There are no performance issues. The interior design is also very good, as well as the legroom for the Second-Row passenger, which has a good legroom. The performance, quality, features were very good. It is good for any group of people. Great car to buy, value for money and extra protection for your family. The suspensions are amazing, all cars use the same MacPherson, but this car has been designed entirely with the Alfa architecture to improve long-distance ride quality. Great ride overall.
