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Typically, “Reliability and Maintainability (R&M)” is perceived as a tool for products alone. Putting emphasis on reliability only at the cost of maintainability is another archetype. Inclusion of both reliability and maintainability (R&M) in all the phases of the machinery and equipment (M&E) life cycle is required in order to be world competitive in manufacturing. R&M is mainly a design function and it should be a part of any design review. Inclusion of the R&M concept early in the life cycle of M&E is key to cost effective and competitive manufacturing. Neither responsive manufacturing nor preventive maintenance can raise it above the level of inherent R&M.