Benchmarking

2.Prepare a report explaining what is benchmarking

uBenchmarking is the practice of comparing business processes and performance metrics against industry best standards and best practices from other companies. Parameters such as quality, time and cost are usually measured.

uBenchmarking is used to measure performance using a specific metric (cost per unit of measurement, performance per unit of measurement, cycle time per unit x, or defect per unit), resulting in a measurement of performance Which is compared with others.

uThe 12 stage methodology consists of:

• Select subject
• Define the process
• Identify potential partners
• Identify data sources
• Collect data and select all partners
• Determine the gap
• Establish process differences
• Target future performance
• Communicate

• Target future performance
• Communicate
• Adjust goal
• Implement
• Review and recalibrate

uTechnical 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.

uBenchmarking in the automobile industry

uBenchmarking involves a structured comparison between similar products, services or processes on some dimensions of performance. For example it can be used to compare the availability and delivery of features in a product and in this form often provides the basis of consumer tests and reviews. These look at products and services and provide recommendations based on which is best or some form of ranking amongst competitors.

uIt is particularly useful when comparing not only performance but also practice – in other words what do the different organizations do to enable that performance to be delivered? And applied in this way it is a powerful tool in process innovation sin e studying how the ‘best’ achieve their performance can provide powerful clues for changing the way processes operate. Process benchmarking of this kind can operate at several levels:

• Between similar processes in the same factory or service branch
• Between different factories or service branches
• Between different competing organizations
• Between different sectors using the same process

4.Provide a proper conclusion for the report, suggesting a suitable vehicle among the comparison made.

uAt last, the final car for Mr. D.S. Pughazhyendhii from my side is Tata Altroz which have ₹ 8.89 Lakh. Tata Altroz XT Petrol is the petrol variant in the Altroz lineup and is priced at ₹ 8.89 Lakh.It returns a certified mileage of 19.05 kmpl. This XT Petrol variant comes with an engine putting out 85 bhp @ 6000 rpm and 113 Nm @ 3300 rpm of max power and max torque respectively. Tata Altroz XT Petrol is available in Manual transmission and offered in 5 colours: Harbour Blue, Midtown Grey, HighStreet Gold, Downtown Red and Avenue White.Here I am suggesting Tata Altroz XT Petrol because of few reasons,

• Tata Altroz, probably the most stylish looking hatchback of the lot
• This car has Five Star G-NCAP safety rating.
• Also, it has a maximum feature loaded and spacious cabin.

uIn addition, this vehicle has received 4.7 user ratings and reviews among other vehicles. This is great for long trips and regular fluctuations. Its cold glovebox is useful in summer. Good appearance and features. There are no performance issues. The interior design is also very good, as well as the legroom for the Second-Row passenger, which has a good legroom compared to the i20 and the Baleno. The performance, quality, features were very good. It is good for any group of people. Great car to buy, value for money and extra protection for your family. The suspensions are amazing, all cars use the same MacPherson, but this car has been designed entirely with the Alfa architecture to improve long-distance ride quality. Great ride overall.