Establishing the Product Realization Concept in Railway Technology

Abstract

Abstract:Railway industry owes its ever-growing importance to several factors, chiefly the fact that it is considered a relatively more comfortable and efficient mode of transit in the face of rapid urbanization. This study deals with the ways of improving the manufacturing process of components used in the railway industry. In this regard, IRIS plays a vital role in the process of ensuring the customer satisfaction, product quality, efficient process management and innovation for all components. Hence, the study attempts to investigate into the ways to obtain more optimized results drawing upon the IRIS standards. JEL Classification: L6, M1, O1, O2, R4