Benchmarking
BENCHMARKING
Benchmarking involves a structured comparison between similar products, services or processes on some dimensions of performance. For example, it can be used to compare the availability and delivery of features in a product and in this form often provides the basis of consumer tests and reviews.
It is particularly useful when comparing not only performance but also practice – in other words what do the different organizations do to enable that performance to be delivered? And applied in this way it is a powerful tool in process innovation sin e studying how the ‘best’ achieve their performance can provide powerful clues for changing the way processes operate.
Key Benefits
- Improving employee understanding of cost structures and internal process.
- Encouraging team- building and cooperation in the interests of becoming more competitive.
- Enhancing familiarity with key performance metrics and opportunities for improvement company-wide.
- Using the Benchmarking product quality improve
- Manufacturing time decrease
Step by Step Benchmarking
- Choose a product, service, or internal department to benchmark.
- Determine which best-in-class companies you should benchmark against, which organization you will compare your business to.
- Gather information on their internal performance, or metrics
- Compare the data from both organizations to identify gaps in your company performance
- Adopt the process and policies in place within the best-in-class performers.
Benchmarking will point out what change will make the most difference but it’s up to you to actually put them in place.
In order to benchmarking anything, you need to have quantitative data available to study. That means breaking down internal processes to calculate performance metrics. Quantify everything, because only quantifiable information can be accurately compared.
Requirement
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, a five-year-old boy, his father, and his mother. He visits his native place Madurai which is 500kms away from Bangalore once 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 options so that he will buy a good car for his family.
For this requirement, we need to find some car.
1. TATA Nexon
2. Maruti Suzuki Vitara Brezza
3. Hyundai Venue
4. Renault Kiger
TATA Nexon
Maruti Suzuki Vitara Brezza
Hyundai Venue
Renault Kiger
Comparison Between the Tata Nexon, Maruti Suzuki Vitara Brezza, Hyundai Venue and Renault Kiger
| S.NO. | DESCRIPTION | TATA NEXON | MARUTI SUZUKI VITARA BREZZA | HYUNDAI VENUE | RENAULT KIGER |
| 1 | Price | 7.54 lakh | 7.82 lakh | 7.11 lakh | 7.44 lakh |
| 2 | Mileage(kmpl) | 17.57 | 17.03 | 17.52 | 19.17 |
| Dimension | |||||
| 3 | Length(mm) | 3993 | 3995 | 3995 | 3991 |
| 4 | Width (mm) | 1811 | 1790 | 1770 | 1750 |
| 5 | Height (mm) | 1606 | 1640 | 1605 | 1605 |
| 6 | Wheelbase(mm) | 2498 | 2500 | 2500 | 2500 |
| 7 | Ground Clearance(mm) | 209 | 198 | 195 | 205 |
| Engine | |||||
| 8 | Engine | 1199cc,3 Cylinders Inline | 1462cc, 4 Cylinders Inline | 1197cc, 4 Cylinders Inline | 999cc, 3 Cylinders Inline |
| 9 | Engine Type | 1.2L Turbocharged Revotron | K15B | 1.2L Kappa | 1.0 L Energy |
| 10 | Fuel Type | Petrol | Petrol | Petrol | Petrol |
| 11 | Transmission | Manual-6 Gears | Manual-5 Gears | Manual-5 Gears | Manual-5 Gears |
| 12 | Max. Power(bhp@rpm) | 118bhp@5500rpm | 103bhp@6000rpm | 82bhp@6000rpm | 71bhp@6000rpm |
| 13 | Max. Torque(Nm@rpm) | 170Nm@1750rpm | 138Nm@440rpm | 114Nm@4000rpm | 96Nm@3500rpm |
| Capacity | |||||
| 14 | Seating Capacity | 5 | 5 | 5 | 5 |
| 15 | Bootspace(Litres) | 350 | 328 | 350 | 405 |
| 16 | Fule Tank (Litres) | 44 | 48 | 45 | 40 |
| 17 | Weight (kg) | 1252 | 1170 | 1066 | 1012 |
| Brake And Steering | |||||
| 18 | Front Brake Type | Disc | Ventilated Disc | Disc | Disc |
| 19 | Rear Brake Type | Drum | Drum | Drum | Drum |
| 20 | Steering Type | Power Assisted(Electric) | Power Assisted(Electric) | Power Assisted(Electric) | Power Assisted(Electric) |
| Safety | |||||
| 21 | Air Bag | 2 | 2 | 2 | 4( Driver, Front Passenger, Driver Side, Front Passenger Side) |
| 22 | Seat Belt Warning | Yes | Yes | Yes | Yes |
| 23 | Anti Lock Braking System (ABS) | Yes | Yes | Yes | Yes |
| 24 | Electronic Brake- force Distribution(EBD) | Yes | Yes | Yes | Yes |
| 25 | NCAP Rating | 5 Star( Global NCAP) | 4 Star( Global NCAP) | 4 Star( Global NCAP) | 4 Star( Global NCAP) |
Conclusion
After comparing all the above cars, it is safe to say that the Tata Nexon provides better value for money with best in class features among all other. It also includes 5-star rating in the Global NCAP crash test which is only one in its segment. Tata Nexon Design is very handsome with great attention to detail. Its engine power is very good and ride quality is also fantastic.