Benchmarking
Question:- 1] Benchmark with presently available cars in the market for the following case.
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.
Note: Pughazhyendhii is fond of big cars
Ans:-
Study from above Case, He visits his native place Madurai which is 500kms away from Bangalore once in a month. Monthly KM including Madurai Return and Office in Bangalore =1000+726 = 1726 Kms. For the cost of Vehicle I am assuming on road price to be considered. Also assuming the Pughazhyendhii comes from middle class family, so he will be using this car for 5 to 7 Years. This car Kms running every month and will use the car for 5 to 7 years. I have suggest to him buy a Diesel car will be more benifits.
Question:- 2] Prepare a report explaining what is benchmarking
Ans:-
Benchmarking:-
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.
Benchmarking is not an immediate solution to a problem.
Processes of Benchmarking as shown a following:-
1] Select the process to Benchmark
2] Determine who you want to Benchmark against
3] Document your current process
4] Collect and Analyze Data
5] Create a Plan
6] Implement Changes
There are four main types of benchmarking: internal, external, performance, and practice.
1. Performance benchmarking:-
It 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:-
It involves gathering and comparing qualitative information about how an activity is conducted through people, processes, and technology.
3. Internal benchmarking:-
It compares metrics (performance benchmarking) and/or practices (practice benchmarking) from different units, product lines, departments, programs, geographies, etc., within the organization.
4. External benchmarking:-
It compares metrics and/or practices of one organization to one or many others.
Advantages and Disadvantages of Benchmarking:-
Advantages:-
1] Competive Analysis
2] Monitor Performance
3] Continuous Improvement
4] Improves Efficiency
5] Encourages Ownership
Disadvantages:-
1] High Cost
2] Incorrect Comparison
Question:- 3] compare at least 4 vehicles.
Ans:-
1] Tata Nexon:-
Tata Nexon Key Specification:-
Price Rs 7.54-13.90 Lakh
Fuel Type Petrol, Diesel
Mileage 16.35-22.07 km/l
Seating Capacity 5 People
Safety Rating 5 Star (Globle NCAP)
Warranty 2 Year or 75000 Km
Engine Size 1199 cc, 1497 cc.
Transsmission Manual, Automatic (AMT).
Size 3993 mm L *1811 mm W*1606mm H.
Fual Tank 44 litre
Ground Clearance (mm) 209mm
2] Mahindra XUV300:-
Mahindra XUV300 Key Specification:-
Price Rs 8.41-14.07 Lakh
Fuel Type Petrol, Diesel
Mileage 17-20 km/l
Seating Capacity 5 People
Safety Rating 5 Star (Globle NCAP)
Warranty 3 Year (Unlimited Kms)
Engine Size 1197 cc, 1497 cc.
Transsmission Manual, Automatic (AMT).
Size 3995 mm L *1821 mm W*1627 mm H.
Fual Tank 42 litre
Ground Clearance (mm) 180 mm
3] Maruti Suzuki Vitara Brezz:-
Maruti Suzuki Vitara Brezza of Key Specification:-
Price Rs 784000
Engine Type K15B ISG
No. of Cylinder 4
Engine Capacity 1462 cc
Emission Standard BS6
Transmission Type 4 AT
Fuel Efficiency 18.76 Km/l
Max Power 77 Kw @ 6000 rpm
Max Torque 138Nm @4400 rpm
4] KIA Sonet:-
KIA Sonet of Key Specification:-
Price Rs 7.15- 13.69 Lakh
Fuel Type Diesel
Fual Tank Capacity (Litres) 45.0
Emission Norm Compliance BS VI
Engine Type 1.5 L CRDi VGT
Displacement 1493
Max Power 113.43bhp 4000rpm
Max Torque 250nm 1500-2750rpm
No. of Cylinder 4
Valves Per Cylinder 4
Transmission Type Automatic
Gear Box 6-Speed
Drive Type FWD
Question:- 4] provide a proper conclusion for the report, suggesting a suitable vehicle among the comparison made.
Ans:-
I would suggest from comparing above 4 Vehicle I suggest Vehicle name KIA Sonet Because of the best design look and wide range of Powertrains, Better ride and Engine refinement also
another feature is best when compare to the 3 type of cars.