Maximo Secrets

A site dedicated to Maximo containing over 385 articles, podcast episodes, YouTube videos, and quizzes, updated weekly, 900K words!

Glossary Index

Last Updated on January 23, 2025 by maximosecrets

The Maximo Glossary was started in December 2024 and new terms will be added, probably each month. There are currently 38 terms.

There is a YouTube Short for each glossary term which can be found here – Maximo Glossary Terms – YouTube Shorts

While these YouTube Shorts will play on a desktop, they are designed in portrait mode and work best viewed from a mobile phone. If you are starting out with Maximo, sort the YouTube Shorts by Oldest instead of Latest.

abcdefghijklmnopqrstuvwxyz
a
  • Asset Classification – The Asset Classification is the classification selected and applied to the asset; it is normally a classification which is at the lowest level in a classification hierarchy. More
  • Asset Meter – An Asset Meter is the name given to a meter that is attached to an asset. More
  • Asset Specification – The Asset Specification is a set of attributes associated with the Asset Classification that describe the asset. More
  • Asset Template – A template for generating and updating similar assets. More
  • Asset Type – The Asset Type is used for grouping assets and is used in the Health application of the Maximo Application Suite. More
  • Asset/Location Priority – The priority of the asset or location relative to other assets/locations. More
f
  • Failure Class – A Failure Class is the top-level Failure Code of a Failure Hierarchy. More
  • Failure Codes – Failure Codes exist as part of a Failure Hierarchy and are a Failure Class, a Problem, Cause or Remedy Code. More
  • Failure Hierarchy – A Failure Hierarchy is a hierarchy of Failure Codes of two or more levels. More
  • Formatted Address – The Formatted Address is the address returned by a map provider when a location is found on a map. More
h
  • Holding Location – A holding location is used in financial accounting during the receiving process, it is not a physical location. More
i
  • Inherited Service Address – An Inherited Service Address is derived by traversing asset and location hierarchies until a Service Address is found. More
l
  • Labor Location – Labor Locations are inventory type locations that maintain item balances. More
  • Location – A physical place where assets exist and where work can be performed. More
  • Location Hierarchy – A Location Hierarchy is a hierarchy of operating locations. More
  • Location Network – A Location Network is a location system where the operating locations are formed into a network allowing locations to have none, one or multiple parents. More
  • Location System – A Location System is a set of operating locations joined together to form a hierarchy or a network. More
  • Location Type – There are eight location types of which the most common one is an Operating Location. More
m
  • Measure Point – A Measure Point is a record given to an asset or location and a meter of type gauge or characteristic. More
  • Meter – A Meter is an identifier for recording meter readings, measurements and observations on assets or locations. More
  • Meter Group – A Meter Group is a set of meters and can include all three meter types. More
  • Meter Reading – A Meter Reading is a value entered at a date and time against an asset or location meter of any type. More
  • Meter Reset – A Meter Reset occurs if you wish to adjust any of the counters or other fields of an asset or location meter. More
  • Metered Material – Metered Material occurs when the quantity issued of an item increments a meter. More
  • Multi-Site, Multi-Org – Maximo has a multi-site, multi-org data structure. The database can support multiple organizations and within each organization there is one or more sites.  More
o
  • Object Level – The Object Level is the level of a data object in Maximo, and it supports its multiple organization and multiple site capabilities.  More
  • Operating Location – A location with a location type of OPERATING. More
  • Organization – A structural element of a Maximo database which is used for data sharing. More
p
r
  • Repair Location – Repair Locations are places where assets are moved to be repaired or refurbished. More
  • Rotating Asset – A Rotating Asset is an asset that is tracked between operating locations, repair workshops, and can be added to a storeroom ready to be issued again. More
s
  • Salvage Location – Salvage Locations are places where assets are moved at their end of life. More
  • Service Address – A Service Address is a postal address and/or a record that positions a point on a map. More
  • Sets – A set is used to share data across the Maximo Database. There are two types an Item Set and a Company Set. More
  • Site – A structural element of a Maximo database that is used for data separation. More
  • Spare Part – An asset may have subassemblies and spare parts, the spare parts are those individual items used to maintain the asset. More
  • Structured Street Address – The Structured Street Address is the term used when the Street Address field in the Service Address has been defined in a specific format. More
t