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, i.e. “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.
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.
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.
Benefits
In addition to helping companies become more efficient and profitable, benchmarking has other benefits, too, such as:
- Improving employee understanding of cost structures 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
In essence, 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’s contributions can lead to a big win.
Ref. for above data is " https://www.shopify.com/blog/what-is-benchmarking "
According to the conditions mentioned by Mr. D.S. Pughazhyendhii , I have few sugestions of cars as mentioned below,
1. MARUTI ERTIGA LXI
2. TATA NEXON XE
3. HUNDAI XCENT
4. TATA TIGOR XE
MARUTI ERTIGA LXI
Key Specifications of Maruti Ertiga LXI
| ARAI Mileage | 20.51 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1462 |
| No. of cylinder | 4 |
| Max Power (bhp@rpm) | 101.65bhp@6000rpm |
| Max Torque (nm@rpm) | 136.8Nm@4400rpm |
| Seating Capacity | 7 |
| TransmissionType | Manual |
| Fuel Tank Capacity | 45.0 |
| Body Type | MUV |
TATA NEXON XE
Key Specifications of Tata Nexon XE
| ARAI Mileage | 17.33 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1199 |
| No. of cylinder | 3 |
| Max Power (bhp@rpm) | 118.35bhp@5500rpm |
| Max Torque (nm@rpm) | 170Nm@1750-4000rpm |
| Seating Capacity | 5 |
| TransmissionType | Manual |
| Boot Space (Litres) | 350 |
| Fuel Tank Capacity | 44.0 |
| Body Type | SUV |
| Ground Clearance Unladen | 209 |
| Service Cost (Avg. of 5 years) | Rs.4,819 |
HUNDAI XCENT
Specification of Hyundai Xcent
| ARAI Mileage | 25.4 km/kg |
| City Mileage | 19.04 km/kg |
| Fuel Type | PETROL |
| Engine Displacement (cc) | 1197 |
| No. of cylinder | 3 |
| Max Power (bhp@rpm) | 73.97bhp@4000rpm |
| Max Torque (nm@rpm) | 190.24nm@1750-2250rpm |
| Seating Capacity | 5 |
| TransmissionType | Manual |
| Boot Space (Litres) | 407 |
| Body Type | Sedan |
| Ground Clearance Unladen | 165mm |
TATA TIGOR XE
Key Specifications of Tata Tigor XZ
| ARAI Mileage | 19.28 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1199 |
| No. of cylinder | 3 |
| Max Power (bhp@rpm) | 84.82bhp@6000rpm |
| Max Torque (nm@rpm) | 113Nm@3300rpm |
| Seating Capacity | 5 |
| TransmissionType | Manual |
| Boot Space (Litres) | 419 |
| Fuel Tank Capacity | 35.0 |
| Body Type | Sedan |
| Service Cost (Avg. of 5 years) | Rs.4,712 |
MAHINDRA KUV100 NXT K2 R STR
| ARAI Mileage | 18.15 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1198 |
| No. of cylinder | 3 |
| Max Power (bhp@rpm) | 82bhp@5500rpm |
| Max Torque (nm@rpm) | 115Nm@3500-3600rpm |
| Seating Capacity | 6 |
| TransmissionType | Manual |
| Boot Space (Litres) | 243 |
| Fuel Tank Capacity | 35.0 |
| Body Type | Hatchback |
| Ground Clearance Unladen | 170 |