Commenting on the new release, called AMT4SAP, RPMGlobal (RPM) CEO Richard Mathews said it "provides a complementary and connected solution to SAP's maintenance planning (PM), reliability analysis and optimisation functions".

Accordingly, AMT4SAP forms an add-on to a miner's existing SAP solution, aiming to enhance asset management decision support through advanced modelling, maintenance cost budgeting, lifecycle management, benchmarking, component life optimisation and overall strategy optimisation.

RPM said AMT is already in use at mine sites and major OEMs worldwide to manage their assets and contracts.

RPM and SAP have had a partnership agreement in place since 2013. They have already deployed AMT with SAP to global mining organisations. These deployments include integration between the solutions that automate the transfer of data.

"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," Mathews said.

At the core of the AMT solution, RPM said, is a Dynamic Life Cycle Costing (DLCC) engine and in-built 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 is then supposed to reforecast future usage, availability, productivity, further maintenance costs and future resource requirements.

Using the DLCC engine, AMT4SAP is designed to identify asset lifecycle risks and opportunities to control and reduce maintenance spend.

AMT4SAP also assists to ensure all data is structured and ready for analytics solutions, such as SAP Analytics Cloud. According to RPM, this means users can spend less time creating a budget and more time using the analytical tools to better understand the maintenance business and deliver value.