1. S A H I L A N A N D E (B T E C H , 2 N D Y R )
H I M A N S H U K O H L I ( B T E C H , 2 N D Y R )
• Benchmarking is the process of comparing one's business
processes and performance metrics to industry bests or best
practices from other companies.
• Dimensions typically measured are quality, time and cost.
Benchmarking is used to measure performance using a
specific indicator (cost per unit of measure, productivity per
unit of measure, cycle time of x per unit of measure or
defects per unit of measure) resulting in a metric of
performance that is then compared to others.
• Benchmarking software can be used to organize large and
complex amounts of information.
• Software packages can extend the concept of
benchmarking and competitive analysis by allowing
individuals to handle such large and complex amounts or
3. WHY DO COMPANIES BENCHMARK?
Companies use benchmarking as a way to help become
more competitive. By looking at how other companies are
doing, they can identify areas where they are
underperforming. Companies are also able to identify
ways that can improve their own operations without
having to recreate the wheel. They are able to accelerate
the process of change because they have models from
other companies in their industry to help guide their
Use benchmarking to improve your business
Benchmarking shows you whether your performance is
stronger or weaker than your competitors. It will give you a
clear picture of where improvements are needed and
how to increase profits.
5. BENCHMARKING TIPS
Benchmarking is a process of continual improvement. Once
you have implemented changes, you should benchmark
your business again to see the results. This will tell you what is
working, and where you can still improve.
I. Think creatively about ways to improve your business.
II. Ask staff for their input.
III. Study other, similar, businesses and how their processes
IV. Implement changes based on observations and
V. Evaluate the results of the changes you have
VI. Review whether you have the business skills to improve
• Toyota Motor Corporation is a Japanese automotive manufacturer
headquartered in Toyota, Aichi, Japan.
• In March 2014 the multinational corporation consisted of 338,875
employees worldwide and, as of November 2014, is the twelfth-
largest company in the world by revenue.
• Toyota was the largest automobile manufacturer in 2012 (by
production) ahead of the Volkswagen Group and General
Motors In July of that year, the company reported the production
of its 200-millionth vehicle .
• Toyota is the world's first automobile manufacturer to produce
more than 10 million vehicles per year.
• Toyota has factories in most parts of the world, manufacturing or
assembling vehicles for local markets.
• They manufactured Hybrid electric vehicles, Plug-in hybrids, All-
electric vehicles, Hydrogen fuel-cell
7. BANK OF BEST PRACTICES RESIDENT IN
Lean or Flexible Manufacturing, also known as TPS (Thinking
Person’s System) is where every ideas are listen and
entertained. Due to this, bunch of new cool ideas come
forward leading to tremendous success of the company.
Long Term Philosophy > Short Term Goals
Each employee has a clear vision of their long term goals. By
this people get purpose to find motivation.
Right Process Right Results
Work processes are redesigned to eliminate waste through the
process of continuous improvement –Kaizen
Kanban – “Pull System”
Also known as “ Just in Time”. This encourage optimal
production and judicious use of resources to avoid unfortunate
incidents like the Chinese Solar Panel fiasco
8. BANK OF BEST PRACTICES RESIDENT IN
Level Out Workload
This helps achieve the goal of minimizing waste, not
overburdening people or the equipment and not creating
Quality is not compromised in any event conceivable. Entire
process is been stopped for quality issue albeit a minor one.
Developing People and Partners
People are challenged , bringing them out of their comfort
level .Each employee has to participate so as to furnish his
other abilities apart from working ability.
Use only reliable , thoroughly tested technology that serves
your people and processes. Technology is pulled by process,
not pushed to process. Do not introduce technology just for
the hack of it.
9. HARVESTED BEST PRACTICES THAT
CAN BE ADAPTED FOR OUR COLLEGE
Students must prioritize their future goals and not be
distracted by current frivolous activities.
Teachers must, through experience, design an optimum
teaching system conducive to the need of all kinds of
students. Similarly students must continuously evaluate
themselves and thrive for their personal best.
The Quality of education must not be overlooked at any
cost neither by students for marks or by teachers to
Each pupil must be actively involved in the activity of his
interest . Apart from this one must also try to push oneself
harder and experience with newer areas.
10. HARVESTED BEST PRACTICES THAT
CAN BE ADAPTED FOR OUR COLLEGE
Instead of using technology to bring superfluous
amenities to students ,colleges must use it to ensure an
enlightened learning experience for the students.
Student must not be pushed into doing things they are
not good at. Instead efforts must be made to excavate
their true calling by constantly evaluating them.
Equal importance must be given to intangible assets as
they play a vital role in students development.
Students must give equal importance to each task they
are associated with as each one of them contributes to
they personality and knowledge in a different way.
11. INNOVATIVE IDEAS DESIGNED AND
RECOMMENDED FOR COLLEGE
o Institutes must teach their students “Real Life Skills”
along with their predetermined curriculum. This enriches
their personalities and gives them a proper outlet for the
acquired academic knowledge.
o Institutes must attempt to provide their students with
hands- on experience involving the subjects taught in
the class as much as possible. This enables the student
to hit the ground running when they venture out for jobs.
oInstitutes must ensure active input by the students
related decisions . Active “Teacher - Student
“interaction and keeping the students inside the
academic loop ensures transparency and enriches the
12. INNOVATIVE IDEAS DESIGNED AND
RECOMMENDED FOR COLLEGE
o Students must be diligent towards their academics duties as
well as extracurricular activities. They should not turn a blind
eye towards one of them for the other. Extracurricular activities
are but the decoration on the cake that is their curriculum. By
managing both in right amount tells the hiring companies , how
much responsibilities you can accommodate into your daily job
schedule thus identifying your true potential.
o There should be a “Think New” lecture reserved so that students
can present their new ideas , thoughts in front of all. Students
must stay abreast of the latest developments in their field of
study. This avoids duplication of labor and helps build newer
ideas atop the established ones .
o A Student develop site namely “Netice Board” would be great
where all college notices should be accessible , so that one
saves time instead of searching every notice board for
anything new or important.
13. LESSON LEARNT
• We learn how beneficial benchmarking is for
• It helps in Understanding our performance with the
close competitors, as well as drill down the
performance gaps to identify areas of improvement.
• It truly brings the real team spirit and co-ordination out
• We came real close towards the best practices
followed by company like Toyota.
• It made us think about how we can follow various of
their best practices .
• Innovative Ideas were very challenging.