Benchmarking
BENCHMARKING:
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from companies. Dimensions typically measured are quality, time and cost.
Also referred to as ''best practice benchmarking'' or process benchmarking'', this process is used in management in which organistions evaluate various aspects of their processes in relation to best-practice companies' processes,usually within a peer group defined for the purposes of comparison.Benchmarking may be a one-off event, but is often treated as a continuous process in which organisations continually seek to improve their practices.
Procedure for Benchmarking:
There is no single benchmarking process that has been universally adopted, but the following criteria can be considered or followed for benchmarking
- 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
- Adjust goal
- Implement
- Review and recalibrate
Types of Benchmarking
- Process benchmarking
- Financial benchmarking
- Benchmarking from inverstor perpective
- Benchmarking in public sector
- Performance benchmarking
- Product benchmarking
- Strategic benchmarking
- Functional Benchmarking
- Best-in class benchmarking
- Operational benchmarking
Maruthi Suzuki Vitara Brezza
Key Features
- 4-Cylinder 1.5L engine
- Max.Power of 103.26 Bhp
- Max. torque of 138Nm
- Comes with ABS, EBD, Front and rear power windows, Driver and passenger airbags, Hill climb assist and many more.
- It has an avarage mileage of 18.78 Kmpl.
- The price ranges from Rs.7.39 lakhs to 11.80 Lakhs.
Pros:
- Competent 1.5L engine.
- Smooth automatic gearbox.
- Excellent after sales service.
- Low maintenance
Cons:
- No diesel engine
- Not so responsive engine
- Interior plastic quality
- Lack of features
TATA Nexon:
Key features
- 4- Cylinder 1.5L turbo-charged engine
- Max. power of 108.5Bhp
- Max.torque of 260Nm
- Equipped with ABS, EBD, TCS, In-car 6.5'' display infotainment with GPS touchscreen.
- It has an avarage mileage of 19.Kmpl.
- It has price range of 7.49 Lakhs to 12.9 Lakhs.
Pros
- Built quality is impressive and looks better than its competition.
- Strong body offers safety
- Ride quality
- Ground clearance.
Cons
- Rear seats are narrow and small.
- Fit and finish could have been better.
- Automatic transmission is an AMT.
KIA Sonet
Key Features:
- 4 Cylinder 1.5L diesel engine
- Max.power of 113.42Bhp
- Max.torque of 250Nm
- Comes with 6 airbags, ESC, HAC, Central locking, front and rear windows, fog lamps and parking assist.
- 20.6'' TET display, AI voice assistant and Bose surround system.
- Has various options to choose from with a price range of Rs.6.79 to 13.39 Lakhs.
- It has an avarage mileage of 19Kmpl.
Pros
- Diversified powertrain
- Loads of features
- Looks powerful
- Lots of variants to choose from
- Premium interiors
- Ventilated seats
Cons
- Rear seat legroom is inadequate
- Top variants are pricey when compared to its competitors.
- Some features like steering wheel adjustment, Illuminated window buttons, auto wipers are missing.
HYUNDAI Venue
Key features
- 3-Cylinder 998cc engine
- Max.power of 118.35Bhp
- Max.torque of 171.6Nm
- Comes with D-cut steering wheel,smart electric sun-roof, paddle shifter,ABS,EBD, driver and passenger airbags, central locking.
- It has an avarage mileage of 18.25Kmpl.
- It comes with a price range of Rs.6.96Lakhs to 11.76KLakhs.
Pros
- Attractive pricing
- Spot-on ergonomics and design
- Peppy and smooth engine
- Blue-link technology which offers additional features like live vehicle tracking, vehicle statistics, Geofencing and many more.
- Premium interior offer excellent comfort.
Cons
- The car is smaller when compared to its competitors.
- No All-wheel drive option
- Stiff ride quality
- Not a spacious 5-seater.
Conclusion
I would suggest KIA Sonet because of the wide range of powertrains, better ride quality and engine refinement and also the number of features it offers when compared to the other cars.