Benchmarking

AIM:

To prepare a report on Benchmarking, its purposes & compare atleast 4 vehicles with each other to provide a suitable conclusion for the report, suggesting a single suitable vehicle among the comparison made.

BENCHMARKING?

Benchmarking, is the practice of comparing buisness processes and performance metrics to industry best and best practices from other companies. dimension typically measured as cost, quantity and cost.

Classification of benchmarking:

1. INTERNAL BENCHMARKING: It is used when the company already established and proved the best practices and they simply need to share them. Internal benchmarking is also necessary when comparable industries are not readily available.
2. COMPETITIVE BENCHMARKING: It is used when the company wants to evaluate the position within its industry. and also used when the company needs to identify the industry leadership performance targets.
3. STRATEGIC BENCHMARKING: It is used in identifying and analaysing the world class performance. this fom of benchmarking used when company needs to go outside of this industry.

BENEFITS:

It helps in identifying the areas that we wish to be improved on in your buisness and benchmarking your existing performance against competitors, and to gain the strategic improvement over other industries/competitors.

• Monitor performance
• Continuous improvement
• Planning and goal setting
• Encourage ownership

REQUIREMENTS:

Mr. D.S. Pughazhyendhii is a married man who lives in Bangalore which is a highly crowded city. His Family comprises five members including his wife, a five-year-old boy, his father, and his mother. He visits his native place Madurai which is 500kms away from Bangalore once a month. Also, he will be using his car to commute to his office. His budget falls between 8 to 10 lakhs on road. Please suggest to him options so that he will buy a good car for his family.

Note: Pughazhyendhii is fond of big cars

In my opinion,

Mr. Pughazhyendhii and his family needs a car for regular use and go to native once in the month, then the car specifications must have a Balance in Mileage, Maintenance, Good Space, Features, and a Social Status of Not Owning an Entry-Level Car but One That Offers Value With the shift in thinking, elements like safety and nice interiors are becoming crucial deciding factors.

His major requirements are,

1. 5-7 Seating capacity
2. Budget: 8-10 lakhs
3. Better mileage
4. Also, a good one for the city drive.
5. Good space between the seats.

I would suggest Petrol/Diesel driven Sport utlity vehicles to him

MY SUGGESTION:

1. TATA NEXON
2. FORD ECOSPORT
3. MARUTI SUZUKI VITARA BREZZA
4. HYUNDAI VENUE

TATA NEXON:

Cost: 8.47 lakh

SPECS:

• 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
• antilock braking system
• driver airbag
• automatic climate control
• alloy wheels
• power windows front

FORD ECOSPORT: (Petrol)

cost: 8.19+ Lakhs

MODEL:

SPECIFICATION SUMMARY:

milage (ARAI) : 14Kmpl-23Kmpl

displacement : 1496-1498cc

fuel type : diesel/ petrol

fuel tank capacity : 52L

length : 3998mm

width : 1765mm

height : 1647mm

seat : 5

Weight : 1660Kg

Engine : 1.5l 122hp inline 3

gear box : 5 speed

transmission : Automatic / manual

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/4400rpm

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-front.

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

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.

Comparison between Hyundai venue and ford ecosport