To learn how to reduce downtime you must first understand it. Proper downtime analysis involves not only keeping track of when downtime is happening, but also for how long, what type of downtime it is, which machine or piece of equipment is down, and its effects on revenue, inventory, and worker safety. Downtime analysis may involve several key components. An effective asset management software program can evaluate many of these elements, but it is also important to have good team communication among your staff.