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, aka “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 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 system to enable more personalized communications with customer

There are two types of bench marking are used in industrys

1,Thechnical benchmarking

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.

2,competitve benchmarking

Competitive benchmarking compares how well (or poorly) an organization is doing with respect to the leading competition, especially with respect to critically important attributes, functions, or values associated with the organization’s products or services. For example, on a scale of one to four, four being best, how do customers rank your organization’s products or services compared to those of the leading competition? If you cannot obtain hard data, marketing efforts may be misdirected and design efforts misguided.

BENCHMARKING PROCEDURE

*considerstions

*plan

*collect

*analyzs

*adapt

BECHMARKING cars for Mr. D.S. Pughazhyendhii and family

considerations

1,NISSAN MAGNITE

2,MAHINDRA XUV300

3,KIA SONET

4,HYUDAI VENUE

specifications

1,NISSAN MAGNITE

Price ₹ 6 - 10.78 Lakh Fuel Type Petrol Mileage 17.7 to 19.35 kmpl Fuel Tank Capacity 40 Litres Transmission Manual, Automatic (CVT) Driving Range 750 KMS Engine 999 cc NCAP Rating 4 Star (ASEAN NCAP) Seating Capacity 5 Seater

2,MAHANDIRA XUV300

Price ₹ 8.41 - 14.07 Lakh Fuel Type Petrol, Diesel Mileage 20 kmpl Fuel Tank Capacity 42 Litres Transmission Manual, Automatic (AMT) Driving Range 714 KMS Engine 1197 to 1497 cc NCAP Rating 5 Star (Global NCAP) Seating Capacity 5 Seater

3,KIA SONET

Price ₹ 7.69 - 14.39 Lakh Fuel Type Petrol, Diesel Mileage 18.2 to 24.1 kmpl Fuel Tank Capacity 45 Litres Transmission Manual, Clutchless Manual (IMT), Automatic (DCT), Automatic (TC) Driving Range 823.5 KMS Engine 998 to 1493 cc NCAP Rating Not Tested Seating Capacity 5 Seater

4,HYUNDAI VENUE

Price ₹ 7.68 - 13.11 Lakh Fuel Type Petrol, Diesel Mileage 17.5 to 23.4 kmpl Fuel Tank Capacity 45 Litres Transmission Manual, Clutchless Manual (IMT), Automatic (DCT) Driving Range 789 KMS Engine 998 to 1493 cc NCAP Rating Not Tested Seating Capacity 5 Seater

ANALAYZING

Basic Information	XV Premium	W4	1.2 HTK Plus	S
Brand Name	Nissan	Mahindra	Kia	Hyundai
On Road Price	Rs.9,64,246#	Rs.9,44,129*	Rs.10,51,803#	Rs.10,00,144#
saftey(NCAP)	4	5	-	-
User Rating	4.3 Based on 314 Reviews	4.6 Based on 2139 Reviews	4 Based on 567 Reviews	4.3 Based on 95 Reviews
Finance Available (EMI)
Insurance	Rs.37,606	Rs.43,724	Rs.40,243	Rs.41,026
Service Cost (Avg. of 5 years)	-	Rs.3,499	Rs.3,627	Rs.3,556