After decades of lean manufacturing, JIT, outsourcing, Total Quality Management and Six Sigma, where does a manufacturing executive turn for the next big competitive improvement? The answer has been hidden in overhead accounts and factory corners since the beginning of mass production. The tools to manage it effectively have been emerging steadily in recent years, and today the science of asset management is accessible to any organization willing to undertake fundamental change in the way they manage production assets. The rewards can be astounding.