BENCHMARKING

BENCHMARKING is a process of measuring the performance of a company's products , services,processes angainst those of another business considered to be the best in the industry. By studying companies with the superior performance,breaking down what makes such superiodlr performance possible, then comparing those processes to how your businesses operates ,you can implement changes that will contains significant improvement.

Studying companies with superior performance breaking down what makes such superior performance possible and then comparing those.

There are two types of improvement opportunity are there. One is continuous improvement then dramatic improvement. Continuous improvement is incremental,involving only small adjustments to reap sizeable advances. Dramatic improvement can only come about through re-engineering the whole internal work process.

benchmarking process in step by step

benchmarking is a simple,but detailed,fivestep process:

- choose a product, service,internal department to benchmark

- determine which best in class companies you should bench mark against, which organisation you will compare your business to.

- collect all the information on their internal performance, or metrics

- compare the data from both organization to identify gaps in your company performance

- adopt the process and policies in place with in the best in class performers

Benchmarking is shown what changes will make the most difference, but it's up to you to actually put them in place.

Inorder to benchmark anything, you need to have quantitative data available to study. That means breaking down internal processes . Calculate performance metrics quantify everything,because only quantifiable information can be accurately compared.

benefits

bechmarking is helps companies become more efficient and profitable, benchmarking has other benefits are as,

• improving employee understand of cost structure and internal processes

• encouraging team building and cooperation in the interests of becoming more competitive

• enhancing familiarity with key performance metrics and opportunities for improvement company wide.

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 contribution can lead to a big win.

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

Here I am going to make a benchmark for pughazhyenthii requirement.

I would compare four car contains five seated.

1. Toyota Urban Cruiser Mid Grade MT

Toyota Urban Cruiser Right Front Three Quarter

Toyota Urban Cruiser Mid Grade MT is the petrol variant in the Urban Cruiser lineup. This car comes under the price range of 8 to 10 Lakhs.

PRICE - ₹ 9.02 Lakh

Toyota Urban Cruiser Mid Grade MT Key Specifications

MILEAGE - 17.03 kmpl

ENGINE - 1462 cc

TRANSMISSION - Manual

FUEL TYPE - Petrol

SEATING CAPACITY - 5 Seater

Additional specification of Toyota Urban Cruiser Mid Grade MT

Drivetrain - FWD

Max Power - 103 bhp @ 6000 rpm

Max torque - 138 Nm @ 4400 rpm

Driving range - 817 Km

Emission standard - BS 6

Fuel tank capacity - 48 liters

2.Tata Nexon XM Diesel

Tata Nexon Right Front Three Quarter

Tata Nexon XM Diesel is the diesel variant in the Nexon lineup and is priced at ₹ 9.84 Lakh.

Tata Nexon XM Diesel Key Specifications

MILEAGE -21.19 kmpl

ENGINE -1497 cc

TRANSMISSION - Manual

FUEL TYPE - Diesel

SEATING CAPACITY - 5 Seater

Additional specification of Tata Nexon XM Diesel

Drivetrain - FWD

Max Power - 108 bhp @ 4000 rpm

Max torque - 260 Nm @ 1500 rpm

Driving range - 932 Km

Emission standard - BS 6

Fuel tank capacity - 44 liters

Other - Turbocharged

3. Mahindra XUV300 W4 1.5 Diesel

Mahindra XUV300 W4 1.5 Diesel is the diesel variant in the XUV300 lineup and is priced at ₹ 9.60 Lakh.

Mahindra XUV300 W4 1.5 Diesel Key Specification

MILEAGE -20 kmpl

ENGINE -1497 cc

TRANSMISSION - Manual

FUEL TYPE - Diesel

SEATING CAPACITY - 5 Seater

Additional specification of Mahindra XUV300 W4 1.5 Diesel

Drtrain - FWD

Max Power - 115 bhp @ 3750 rpm

Max torque - 300 Nm @ 1500 rpm

Driving range - 840 Km

Emission standard - BS 6

Fuel tank capacity - 42 liters

Other - Turbocharged

4. Hyundai venue

Hyundai venue is the diesel variant intha segment of price at 9.92 lakh

Hyundai venue diesel variant key specification

MILLAGE - 16 kmpl

ENGINE- 1493cc

TRANSMISSION - automatic

FUEL TYPE - diesel

SEATING CAPACITY - 5

Additional specifications of Hyundai venue

Drivetrain- FWD

Max power - 118bph @ 6000rpm

Max torque - 172nm@ 4000rpm

Driving range - 850 km

Emission standard- bs 6

Fuel tank capacity - 45

Other - turbo charged

COMPARISSION

Models toyoto urbancruser tata nexen Mahindra XUV Hyundai

Specification

Millage lit 17. 3. 21.1 20 16

Engine

Displacement 1462cc 1497cc 1497 1493cc

Max torque 138nm@4400 260nm@1500 300nm@1500 172nm@ 4000

Fueltank 48 44 42 45

Max power 103bhp@6000 108bhp@4000 115bhp@3750 118bhp@6000

Driving range 817 932 840 850

Body type. SUV. SUV. SUV. SUV

Boot space 350. 350 365 352

Transmission type. Manual manual manual automatic

CONCLUSION

I would suggest the mahindra XUV 300 w4 diesel is the right choice of D.S. pughazhyenthii family., This maruthi XUV is the excellent offering which is safest car in its segment. It is also value for money product with class leading features. I could suggest this car for the price segment.