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Benchmarking Assignment

This document is an assignment submitted by four students on benchmarking. It provides an introduction and overview of benchmarking. It defines benchmarking as the systematic search for best practices and highly effective processes from other organizations. It notes that benchmarking has been used by many large companies to improve. The document outlines the benchmarking process, which includes identifying a process for improvement, finding organizations that excel in that process, analyzing their data, improving your own process, and continually learning from others. It discusses that benchmarking is a tool to help organizations develop strengths and reduce weaknesses to stay competitive.

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AnilKumar
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309 views

Benchmarking Assignment

This document is an assignment submitted by four students on benchmarking. It provides an introduction and overview of benchmarking. It defines benchmarking as the systematic search for best practices and highly effective processes from other organizations. It notes that benchmarking has been used by many large companies to improve. The document outlines the benchmarking process, which includes identifying a process for improvement, finding organizations that excel in that process, analyzing their data, improving your own process, and continually learning from others. It discusses that benchmarking is a tool to help organizations develop strengths and reduce weaknesses to stay competitive.

Uploaded by

AnilKumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASSIGNMENT

on
BENCHMARKING
Submitted in partial fulfilment of the requirements for the award of the degree
Of
BACHELOR OF TECHNOLOGY
In
Mechanical and Automation Engineering
By

Ebrahim Ansari (40120907417)


Ajay kumar Sharma (00220907417)
Deepak katyan (01720903616)
Ashu Rana (01020903616)
Under the supervision of
Dr. ANIL KUMAR
Assistant Professor, MAE

Department of Mechanical and Automation Engineering

G.B. Pant Government Engineering College


(AFFILIATED TO GURU GOBIND SINGH INDRAPRASTHA UNIVERSITY, DELHI)

NEW DELHI-110020
BENCHMARKING
Benchmarking is the systematic search for best practices, innovative ideas, and
highly effective operating practices. Benchmarking considers experience of
others and uses it. Indeed, it is a common-sense preposition to learn from others
what they do right and then imitate it to avoid reinventing the wheel.

Benchmarking is not new and indeed has been around for a long time.
Benchmarking is used extensively by both manufacturing and service
organizations including Xerox, AT&T, Motorola, Ford, and Toyota.

Benchmarking is a common element of quality standards, such as the Chrysler,


Ford, and General Motors Quality System Requirements.

What is our performance What are others performance


level? How do we do it? level? How did they get there?

Creative
Adaptation

Breakthrough Performance
Fig. benchmarking framework
REASONS TO BENCHMARK
Benchmarking is a tool to achieve business and competitive objectives. It is
powerful and extremely effective when used for the right reasons and aligned
with organization strategy. It is not a panacea that can replace all other quality
efforts or management processes. Organizations must still decide which
markets to serve and determine the strengths that will enable them to gain
competitive advantage.

Benchmarking is one tool to help organizations develop those strengths and


reduce their weaknesses. By definition, benchmarking requires an external
orientation, which is critical in a competitive world where the competitor can
easily be on the other side of the globe. An external outlook greatly reduces the
chance of being caught unaware by the competition.

Benchmarking can notify the organization if it has fallen behind the


competition or failed to take advantage of important operating improvements
developed elsewhere.

In short, benchmarking can inspire managers (and organizations) to compete.


The primary weakness of benchmarking, however, is the fact that best-in-class
performance is a moving target.
BENCHMARKING PROCESS
1. There is not single benchmarking process that has been universely
adopted.
2. Organisation that benchmark adapt the process to best fit their own needs
and culture.
3. Identify a critical process that needs improvement.
4. Identify the organisation that excels in this process, Contact the
organisation.
5. Contact the organisation.
6. Analyse the data.

BENCHMARKING
VALUE CYCLE
7. Improve the critical process
8. Involves identifying companies or other organisation that are best at
something and studying and how they do it ,to learn how to improve your
operation.
9. Benchmarking can be applied to virtually any business or production
process improvements to the all levels in some areas will contribute
greatly to market and financial success whereas improvements in other
areas will not have significant impact.

Thanks

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