Benchmarking
BENCHMARKING
- Benchmarking is a process of measuring the performance of a compititors products, services, or processes against those of another business considered to be the best in the industry.
- 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 then 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 (CRM) system to enable more personalized commu
Step-by-Step Benchmarking:
Benchmarking is a simple, but detailed, five-step process:
- Choose a product, service, or internal department to benchmark
- Determine which best-in-class companies you should benchmark against – which organizations you’ll compare your business to
- Gather information on their internal performance, or metrics
- Compare the data from both organizations to identify gaps in your company’s performance
- Adopt the processes and policies in place within the best-in-class performers
Benchmarking will point out what changes will make the most difference, but it’s up to you to actually put them in place.
| Key Specifications | Volkswagen polo | KIA SONET HTE (Diesel) | Maruthi baleno (petrol) |
Hyundai i20 |
| On Road Price | 9,40,000 | 9,33,245 | 9,89,008 | Rs. 9,04,003 |
| Engine/Fuel | 1.0-liter TSI 3-Cyl BS6 Petro | 1.5L CRDi | 1.5L 1.2-liter dual-jet | 1.0 Turbi GDi BS6 Petrol |
| Engine Displacement cc | 999cc | 1493 cc | 1462 cc | 1197 cc |
| Power (bhp) | 76PS@6200RPM | 99 bhp @ 4000 rpm | 103.26bhp@6000rpm | 88.3 kW (120 PS) /6 000 r/min (DCT) |
| Torque N-m | 95Nm@3000-4300rpm | 240 Nm @ 1500 rpm | 133nm@4400rpm | 172 Nm (17.5 kgm) /1 500 - 4 000 r/min |
| Mileage kmpl | 20.78 km/litre | 24.1kmpl | 23.04 Kmpl | 25.11 Kmpl |
| Gear | Manual - 5 Gears, | Manual - 6 Gears | Manual - 5 Gears | 7 Speed Dual Clutch Transmission (7 DCT) |
| Ground Clearance mm | 165 | 205 | 200 | 180 |
| Boot Space Litres | 280 | 392 | 328 | 345 |
| Airbags | 2 (Driver, Passenger) | 2 (Driver, Front Passenger) | 2 (Driver, Passenger) | 2 (Driver, Passenger) |
| ESP, ABS, Traction Control | ESP,ABS,Traction Control | ABS | ABS | ABS |
| NCAP Star | 5-Adult, 3-Child | 4-Adult | 5-Adult | 5-Adult |
| Minimum Turning Radius (metres) | 5.1 | 5.1 | 5.2 | 5 |
| Central Locking | Yes | With Key | Yes | With Key |
| Speed Sensing Door Lock | Yes | Yes | Yes | Yes |
| Child Safety Lock | Yes | Yes | Yes | Yes |
| Warranty (Years) | 2 | 3 | 3 | 3 |
| Warranty (Kilometres) | Unlimited | Unlimited | Unlimited | Unlimited |
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.