Tag Archives: Dynamic Life Cycle Costing

RPMGlobal offers ‘real-time, zero-based maintenance budgeting’ with AMT upgrade

RPMGlobal has unveiled major functionality upgrades in the latest release of its dedicated asset lifecycle costing software – AMT, designed to, it says, accelerate the maintenance budget generation process for miners.

In the release of AMT 8.21, improved maintenance budgeting integration is a key focus, with upgrades drastically improving the speed of the budgeting and forecasting process.

“AMT is already one of the only products on the market that is purpose-built for maintenance cost budgeting that works seamlessly with any miner’s ERP, and this functionality upgrade will further reduce the time it takes teams to produce maintenance budgets,” the company said.

The ability to conduct real-time, zero-based maintenance budgeting instead of relying on static maintenance plans helps operations gauge the true costs of operating equipment, according to the company.

RPMGlobal Chief Technology Officer, Paul Beesley, said innovative technologies such as AMT formed the foundation for smarter asset management decision making.

“As the leading maintenance cost budgeting solution specifically designed for the mining industry, this release has been about taking our clients’ feedback and advancing the maintenance cost budgeting component of AMT’s functionality,” he said.

“With many of our global customers in budget planning mode, this release comes at a great time for operations seeking to speed up analysis of different budget and forecasting options, which leads to improved accuracy and decision making.”

While the focus on this release is centred on upgrading the maintenance budgeting integration process, AMT 8.21 also includes several usability enhancements that improve the experience of the Asset Manager, according to the company.

Some of the notable enhancements include Dynamic Life Cycle Costing engine performance improvements, depreciation forecasting, standard job versions that supports baselining changes made to maintenance strategies, new and redesigned reports, and other functionality enhancements.

AMT is used by hundreds of mine sites worldwide as well as all major OEMs to manage their assets and asset maintenance contracts, according to the company. “With AMT, operators have a holistic life cycle cost view of their asset base to deliver proactive asset management capability,” it said.

At the core of RPMGlobal’s powerful asset management solution is a unique Dynamic Life Cycle Costing engine which enables organisations to be proactive about asset management. As a result, miners have the ability to control and curtail maintenance costs, identify asset life cycle risks and opportunities, and reduce unplanned downtime.

RPMGlobal Chief Executive Officer, Richard Mathews, said: “RPMGlobal’s investment commitment in the industry’s leading asset management solution would continue apace, with additional exciting releases planned over the next 12 months.

“AMT is a major part of our business, and with every release, more enterprise functionality and integration is added.

“We anticipate mining companies will remain focused on keeping their operational costs as low as possible as they seek to unlock greater value from operations. AMT is the proven solution that enables our customers to identify asset lifecycle risks and opportunities to control and reduce maintenance spend which is vital in this current environment.”

RPMGlobal provides asset management add-on for SAP users

RPMGlobal has launched a new version of its dedicated asset lifecycle costing software, AMT, designed to complement SAP’s Intelligent Asset Management offering and solve the plant and maintenance needs of miners.

In this release of AMT, AMT4SAP will be equipped with over 20 logical business connectors into SAP to support any organisations’ SAP work management solution, RPMGlobal said.

AMT4SAP is an add-on to a miner’s existing SAP solution (pictured) designed to complement and enhance asset management decision support through advanced modelling, maintenance cost budgeting, lifecycle management, benchmarking, component life optimisation and overall strategy optimisation, according to the company.

RPMGlobal and SAP have had a partnership agreement in place since 2013 and have already successfully deployed AMT with SAP to many global mining organisations, RPMGlobal says. These deployments include integration between the solutions that automate the transfer of data to amplify the decision-making capabilities of these organisations.

RPMGlobal CEO, Richard Mathews, said AMT4SAP provides a “complementary and connected solution” to SAP’s maintenance planning (PM), reliability analysis and optimisation functions.

“Miners have complex plant and maintenance needs that AMT4SAP can solve through the creation of a truly holistic approach to asset management. The outcome is long-term performance and cost benefits that positively impact the bottom line,” he said.

At the core of RPMGlobal’s AMT solution is a Dynamic Life Cycle Costing (DLCC) engine and inbuilt intelligence engine. The DLCC takes inputs in real-time from various asset management processes and systems such as on-board monitoring systems, fleet management systems, the mine plan and SAP itself.

The calculation engine then automatically reforecasts future usage, availability, productivity, further maintenance costs and future resource requirements, according to RPMGlobal. It does this for every piece of equipment, every part and component for the entire life of each asset in real-time.

Harnessing the DLCC engine, AMT4SAP is able to identify asset lifecycle risks and opportunities to control and reduce maintenance spend, arming end-users with the ability to proactively make decisions.

AMT’s ability to define, track and maintain an asset’s lifecycle cost through the DLCC complements SAP’s work management capabilities across work scheduling, strategy definition, resource levelling, downtime capturing and warranty management.

“The differentiating strength of RPMGlobal’s AMT solution is the ability to rapidly generate and analyse multiple maintenance scenarios and strategies to determine the optimal solutions available to a mining operation,” the company said.

Through modelling multiple scenarios for evaluation of new assets (advanced modelling) and alternate maintenance strategies for assets already in operation (strategy optimisation); optimal long-term plans that impact on costs, availability and resources can be better understood and shared with stakeholders well in advance (long-term planning), it added.

A good example of the two systems complementary functions is AMT’s unique MCB (Maintenance Cost Budgeting) module, RPMGlobal said. Integrating AMT’s live lifecycle costing – which includes factoring in unplanned events not covered in SAP – together with SAP’s work order and master data, AMT4SAP is able to generate a full zero-based maintenance budget in “minutes instead of weeks”, it said.

AMT4SAP assists to ensure all data is structured and ready for analytics solutions, such as SAP Analytics Cloud. “This means users spend less time creating a budget and more time using the analytical tools to better understand the maintenance business and deliver real value,” the company said.

AMT, RPMGlobal says, is used by hundreds of mine sites worldwide as well as all major OEMs to manage their assets and contracts.