Benchmarking
What is benchmarking?
- Benchmarking involves a structured comparison between similar products, services or processes on some dimensions of performance
- Useful when comparing not only performance but also practice
- Powerful tool in process innovation on studying how the best achieve their performance and also provide powerful clues for changing the way processes operate.
Benchmarking in Automotive:
- Benchmarking is very important process for automotive field. Every OEM company do benchmarking for increasing their capability and to sustain in this field for future demand and customer requirements
- Benchmarking is the first step procedure for making new product, concept and development.
- Benchmarking clearly helps to understand things that we need to do for new project
Benchmarking in an Organization :
- Between similar processes in the same factory at several levels
- Between different factories or service branches
- Between different competing organisations
- Between different sectors using the same process
Benefits of Benchmarking:
- Helps to study new concept in details
- helps to reduce manufacturing and assembly failure rate
- Helps to add new features to existing or new product
- Provides to determine the cost, quality and material selection based on the customer satisfaction and future demands for the organizations to make stable in market