Benchmarking
BENCH MARKING
- What is bench marking?
Benchmarking is the process of comparing the products, processes and services against those of organizations which are known to be leader in one or more aspects of their operations. Benchmarking gives the required insights of how to make you understand your organization comparing with similar other organizations, even if they are in different business.
Benchmarking has its ability in identifying its areas and systems or processes for improvements—which is either continuous improvements or business process re-engineering improvements.
Benchmarking in automobile industry means something similar which involves a structured comparison between similar products, services or processes on some dimensions performance.
- Benchmarking process
-It can be between similar processes in the same factory or service branch.
-It can be between different factories or service branches
-It can be between the competing organizations
-It can be between the sectors using the same process.
- Bench marking procedure
- First, have a list of all the products you are comparing with considering all the initial aspects and required criteria’s
- Then individually explain each of the product individually with its specification, advantages or likes, and disadvantages or dislikes
- Then at the last consider one final product which is good enough compared with others in this benchmark with the suitable reasons.
So, these are the simple steps to be followed while benchmarking
BENCH MARKING - CARS
-Five cars are taken into considerations for the budget mentioned:
- Honda amaze
- Maruti Suzuki Baleno
- Tata nexon
- Hyundai i10
All these four cars are recommended and ranged between 8 to 10 lakhs;
The key specifications of the individual car have been compared below
|
Model |
Honda Amaze 1.5 S CVT Diesel special edition
|
Maruti Suzuki Baleno Zeta AT Petrol |
Tata Nexon XMA (S) |
Hyundai Grand i10 Nios Sportz AMT 1.2 CRDi |
|
Image |
 |
 |
 |
 |
|
Rating |
 |
|
|
|
|
Price |
9.28 lakh |
8.54 lakh |
9.28 lakh |
8.31 lakh |
|
Mileage |
19 – 21 Kmpl |
18 – 20 Kmpl |
17 – 20 kmpl |
23 – 25 kmpl |
|
Engine |
1498 cc |
1197 cc |
1199 cc |
1186 cc |
|
Transmission |
Automatic |
Automatic |
Automatic |
Automatic |
|
Fuel type |
Diesel |
Petrol |
Petrol |
Diesel |
|
Body type |
Sedan |
Hatch back |
SUV |
Hatch back |
|
Anti-Lock braking system |
Yes |
Yes |
Yes |
Yes |
|
Airbags |
Yes |
Yes |
Yes |
Yes |
|
Parking sensors |
Yes |
Yes |
Yes |
Yes |
|
Traction control |
No |
No |
Yes |
No |
|
Good aspects |
-It has a hatchback Body which has extra length of the car -The safety features are good enough, consisting ABS, airbags, parking sensors, etc. |
-This vehicle variant comes with petrol fuel type with automatic transmission which is good at vehicle maintenance -The safety features are good enough, consisting ABS, airbags, parking sensors, etc. |
-This car is a sports utility vehicle which gives high performance. - All the safety features are good enough, consisting ABS, airbags, Traction control, parking sensors, etc. |
-The price of this car is comparatively low to other three cars -The mileage of this car is good with the fully automatic transmission |
|
Bad aspects |
-For the specifications the price is high compared to other cars -There is no traction control system in this vehicle |
-The mileage falls down ahead when compared to others 3 cars -There is no traction control system in this vehicle |
-Its mileage is not so good when compared to hyundai i10. |
-It is comparatively small car, which has a body of hatchback - There is no traction control system in this vehicle |
So, hence here we conclude this comparison by selecting the suitable vehicle among the 4 cars.
I would like to suggest you “Tata Nexon XMA (S)” to go for, because of its SUV version which is big and possess many safety features.
