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Maximo asset application cost related functionality

  • 1.  Maximo asset application cost related functionality

    Posted Mon October 10, 2022 01:04 PM
    Hi All,
    Can someone please help me to understand Maximo Asset application's Cost related below fields functionality ? Like- how the value is being populated, once asset life cycle is continuing how the fields value are being used. 
    Any help would be appreciated !! 


    Thanks,
    Siddhant

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    Siddhant Banzal
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    #AssetandFacilitiesManagement
    #Maximo


  • 2.  RE: Maximo asset application cost related functionality

    IBM Champion
    Posted Tue October 11, 2022 02:05 AM
    Purchase price = If you purchase the item marked as rotated, when you serialise it i.e. create the asset, the purchase price is captured.
    Replacement cost =  manually added
    Total cost and YTD cost need to run the Maintenance Cost Rollup report or set the new correct System Property in MAS Manage
    Budgeted = manually added
    Inventory = whenever you raise a work order or PO and the CHARGESTORE is marked as Y, it will be accumulated here. 
    Current value = current depreciated value requires a depreciation schedule
    Expected life = manually added
    Estimated EOL = Installed date + Expected life

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    Craig Kokay,
    Lead Senior Maximo/IoT Consultant
    ISW
    Sydney, NSW, Australia
    Ph: 0411-682-040
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    #IBMChampion2022
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