The concept of spare parts and effective methods of tracking and forecasting. This makes management discipline has evolved with the advancement in technology allows for more accurate maintenance more cost effective, and reduce operational downtime. Australian companies hoping to gain a competitive advantage over its competitors can explore the adoption of the Internet of Things. The ability to connect both low- and high-value assets to a network and then have those items instantaneously transmit information about operations, efficiency, wear and tear and other concerns. With data that doesn’t come from projections but the machines themselves, a lean just-in-time delivery model becomes a reality, leading to further and more significant savings.