Benchmarking

Benchmarking is a process that involves measuring the performance of your business against a competitor in the same market This will give you a better understanding of your business performance and potentia . Benchmarking is the practice of comparing busniess processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality , time and cost .

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.

BENEFITS :

Benefits benchmarking is an analysis of how your employee benefits offerings compare to those of other employers in your industry or in similar industries.

TYPES OF BENCHMARKING :

• INTERNAL
• EXTERNAL
• PERFORMANCE
• PRACTICE

PROCESS OF BENCHMARKING :

• Select a subject to benchmark
• Decide which organizations or companies you want to benchmark
• Document your current processes
• Collect and analyze data
• Measure your performance against the data you've collected
• Create a plan
• Implement the changes
• Repeat the process.

REQUIREMENT :

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 view,

I would suggest Diesel Engine Vehicle, SUVs and Sedans is preferrable.

SUGGESTIONS CARS :

• TATA NEXON
• MAHINDRA XUV300
• HONDA WR-V
• FORD ECO SPORT

TATA NEXON :

• Best in class safety package
• Powerful engines (petrol & diesel)
• Quality of plastic inside the cabin

SPECIFICATIONS :

ARAI MILEAGE 21.5KM

ENGINE DISPLACEMENT (CC) 1497

MAX TORQUE (nm@rpm) 260Nm@1500-2750rpm

TRANSMISSION TYPE AUTOMATIC

FUEL TANK CAPACITY 44L

MAX POWER (bhp@rpm) 108.5bhp@4000rpm

SEATING CAPACITY 5

BOOT SPACE (LITRES) 350

BODY TYPE SUV

SAFETY 108.5bhp@4000rpm

MAHINDRA SUV300 :

• Ease of driving on offer
• Three different engine options
• Feature loadeD

SPECIFICATIONS :

ARAI MILEAGE 20.1KM

ENGINE DISPLACEMENT (CC) 1497

MAX TORQUE (nm@rpm) 300Nm@1500-2500rpm

TRANSMISSION TYPE AUTOMATIC

FUEL TANK CAPACITY 42.0

MAX POWER (bhp@rpm) 115.5bhp@3750rpm

SEATING CAPACITY 5

BOOT SPACE (LITRES) 257

BODY TYPE SUV

RATING 4.6

HONDA WR-V :

• • Ease of driving on offer
  • Three different engine options
  • Feature loadeD

SPECIFICATIONS :

ARAI MILEAGE 16.5km

ENGINE DISPLACEMENT (CC) 1199

MAX TORQUE (nm@rpm) 110Nm@4800rpm

TRANSMISSION TYPE MANUAL

FUEL TANK CAPACITY 40

MAX POWER (bhp@rpm) 88.50bhp@6000rpm

SEATING CAPACITY M 5

BOOT SPACE ( LITRES) 363

BODY TYPE SUV

RATING 4.1

FORD ECO SPORT :

The Ford Ecosport is considered as one of the best sub-4m compact SUVs currently on sale in the Indian market. The car gets powerful and refined engines and also comes with an aggressive and appealing design language. If you in the market to buy a new compact SUV and wondering if the Ecosport is the best of all.

• 1. Build Quality
  2. Powerful and Responsive Engines
  3. Looks
  4. Driving Dynamics
  5. Long List Of Safety Features

SPECIFICATIONS :

ARAI Mileage 21.7KM

ENGINE DISPLACEMENT(CC) 1498

MAX TORQUE (nm@rpm) 215Nm@1750-2500rpm

TRANSMISSION TYPE MANUALAA

FUEL TANK CAPACITY 52

Max Power (bhp@rpm) 98.63bhp@3750rpm

SEATING CAPACITY 5

BOOT SPACE (LITRES) 352

BODY TYPE SUV

RATING 4

COMPARISON/ TATA NEXON MAHINDRA SUV 300 HONDA WR-V FORD ECO SPORT

SPECIFICATIONS

ARAI MILEAGE 21.5KM 20.1KM 16.5KM 21.7km

ENGINE DISPLACEMENT 1497 1497 1199 1498

MAX TORQUE 260Nm@1500-2750rpm 300nm@1500-2500rpm 110nm@4800rpm 215nm@1750-2500rpm

TRANSMISSION TYPE AUTOMATIC AUTOMATIC MANUAL MANUAL

FUEL TANK CAPACITY 44 42.0 40 52

MAX POWER 108.5bhp @4000rpm 115.5bhp@3750rpm 88.50bhp@6000rpm 98.63bhp@3750rpm

SEATING CAPACITY 5 5 5 5

BOOT SPACE 350 257 363 352

BODY TYPE SUV SUV SUV SUV

SAFETY 16.06/17 4.5 4.1 4 STARS NCAP RATING

CONCLUSION ,

I would suggest Tata Nexon for Mr. D.S. Pughazhyendhii family, Nexon is a excellent offering which is safest car in its segment. It is also value for money product with class leading features.