Reliability analysis provides complete picture about asset performance management and optimization. [URL=“http://www.assetanalytix.com/”]Maximo reporting is the analytical tool that triggers the data driven decisions such as spare parts cost, maintenance schedules, work planning and scheduling etc. [URL=“http://www.assetanalytix.com/alc”]Asset tracking is foremost important, in order to decide the optimum spare part quantity to be ordered. It facilitates in optimizing spare part cost, which is an important factor that contributes in reducing total cost of ownership for owing the assets.