Benchmarking

Benchmarking is defined as the process of measuring products, services, and processes against those of organizations known to be leaders in one or more aspects of their operations.

Benchmarking is the competitive edge that allows organizations to adapt, grow, and thrive through change. Benchmarking is the process of measuring key business metrics and practices and comparing them—within business areas or against a competitor, industry peers, or other companies around the world—to understand how and where the organization needs to change in order to improve performance. There are four main types of benchmarking: internal, external, performance, and practice.

1. Performance benchmarking: involves gathering and comparing quantitative data (i.e., measures or key performance indicators). Performance benchmarking is usually the first step organizations take to identify performance gaps
2. Practice benchmarking: involves gathering and comparing qualitative information about how an activity is conducted through people, processes, and technology. 
3. Internal benchmarking: compares metrics (performance benchmarking) and/or practices (practice benchmarking) from different units, product lines, departments, programs, geographies, etc., within the organization. 
4. External benchmarking: compares metrics and/or practices of one organization to one or many others.

• Case for Benchmarking:

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, five-year-old boy, his father, and his mother. He visits his native place Madurai which is 500kms away from Bangalore once in 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 with options so that he will buy a good car for his family.

• Important Notes for Selecting The Car:

1. Car are avilable in range of 8 lakh to 10 lakh.
2. It will be 5 seater.
3. He live in city. so, Car have good Milage and econocally perfect.
4. Car have good Perfomance.
5. Pughazhyendhii is fond of big cars

• Types of Car Available

1.  Honda Amaze

Specifications:

 Engine -1498cc (I-DTEC Diesel Engine)

 Type if Fuel - Diesel

 Gear Transmission Type - Automatic (AMT)

 Body Type - Sedan

 Fuel economy - 21.0 Kmpl

 City Mileage - 13 to 14 Kmpl

2. Maruti Suzuki Baleno

 Engine - 1197cc (1.2L VVT Engine)

 Type of Fuel - Petrol

 Gear Transmission System - Automatic

 Body type - Hatchback

 Fuel economy - 19.56Kmpl

 City Mileage - 10 to 13 kmpl

3 Nissan Magnite

 Engine - 999cc (HRAO.1.0 Turbo Petrol)

 Type of Fuel - Petrol

 Gear Transmission System - Automatic

 Body type - SUV ( Sport Utility Vehicle)

 Fuel economy - 17.7Kmpl

 City Mileage - 10 to 13.3 kmpl

4. Maruti Dzire

 Engine - 1197cc (1.2Litre Petrol Engine)

 Type of Fuel - Petrol

 Gear Transmission System - Automatic

 Body type - Sedan

 Fuel economy - 17.7Kmpl

 City Mileage - 8 to 10 kmpl

5 Hyundai Aura

 Engine - 1186cc (1.2Litre UR CRDi)

 Type of Fuel - Diesel

 Gear Transmission System - Automatic

 Body type - Sedan

 Fuel economy - 25.4Kmpl

 City Mileage - 14 to 15 kmpl

6 Renault Kiger

 Engine - 999cc (1.0L Turbocharged Petrol Engine)

 Type of Fuel - Petrol

 Gear Transmission System - Automatic

 Body type - SUV

 Fuel economy - 20.0 Kmpl

 City Mileage - 10 to 12 kmpl

7 Mahindra Baleno

Engine - 1498cc (mHAWK75 BSVI)

Type of Fuel - Diesel 

Gear Transmission System - Manual

Body type - SUV

Fuel economy - 17.0 Kmpl

City Mileage - 10 to 12 Kmpl

8 Ford Figo 

Engine - 1499cc (TDCi Diesel Engine)

Type of Fuel - Diesel 

Gear Transmission System - Manual

Body type - Hatchback

Fuel economy - 24.4 Kmpl

City Mileage - 14 to 15 Kmpl

9 Hyundai i20 Sportz Diesel DT

Engine - 1493cc

Type of Fuel - Diesel

Gear Transmission System - Manual

Body type - Hatchback

Fuel economy - 25.2 Kmpl

City Mileage - 14 to 15 Kmpl

10 Ford Eco sport

Engine - 1493cc

Type of Fuel - Diesel

Gear Transmission System - Manual

Body type - SUV

Fuel economy - 21.7 Kmpl

City Mileage - 11 to 13.3 Kmpl

11. Kia Sonet

Engine - 1499cc 1.5 HTE Diesel

Type of Fuel - Diesel

Gear Transmission System - Manual

Body type - SUV

Fuel economy - 24.1 Kmpl

City Mileage - 11 to 13.3 Kmpl

• Comprassion

Name of Car	Honda Amaze	Maruti Suzuki Baleno	Nissan Magnite	Maruti Dzire	Hyundai Aura	Renault Kiger	Mahindra Baleno	Ford Figo	Hyundai i20 Manga Diesel	10 Ford EcoSport	Kia Sonet
Engine	1498cc (I-DTEC Diesel Engine)	1197cc (1.2L VVT Engine)	999cc (HRAO.1.0 Turbo Petrol)	1197cc (1.2Litre Petrol Engine)	1186cc (1.2Litre UR CRDi)	999cc (1.0L Turbocharged Petrol Engine)	1498cc (mHAWK75 BSVI)	1499cc (TDCi Diesel Engine)	1493cc	1493cc	1499cc 1.5 HTE Diesel
Type of Fuel	Diesel	Petrol	Petrol	Petrol	Diesel	Petrol	Diesel	Diesel	Diesel	Diesel	Diesel
Gear Transmission System	Automatic (AMT)	Automatic	Automatic	Automatic	Automatic	Automatic	Manual	Manual	Manual	Manual	Manual
Body type	Sedan	Hatchback	SUV ( Sport Utility Vehicle)	Sedan	Sedan	SUV ( Sport Utility Vehicle)	SUV ( Sport Utility Vehicle)	Hatchback	Hatchback	SUV ( Sport Utility Vehicle)	SUV
Fuel economy	21.0 Kmpl	19.56Kmpl	17.7Kmpl	17.7Kmpl	25.4Kmpl	20.0 Kmpl	17.0 Kmpl	24.4 Kmpl	25.2 Kmpl	21.7 Kmpl	24.1 Kmpl
City Mileage	13 to 14 Kmpl	10 to 13 kmpl	10 to 13.3 kmpl	8 to 10 kmpl	14 to 15 kmpl	10 to 12 kmpl	10 to 12 Kmpl	13 to 15 Kmpl	14 to 16 Kmpl	11 to 13.3 Kmpl	13to 15.8 Kmpl

• Conclusion

After comprassion Mr. D.S. Pughazhyendhii select the Hyundai i20 Manga Diesel.