Radian IoT and Northpoint Commercial Finance yesterday announced a pilot program using Radian’s GPS tracking technology to test the delivery of real-time insights into OEM inventory-level management, production trends and delivery timelines. The companies say the system, which is being tested among select Northpoint OEM and dealer customers, will enable more efficient production planning and tracking of inventory, along with other benefits.
“This powerful collaboration allows Northpoint to initially test and leverage Radian IoT’s award-winning technology and innovation within the marine finance space, with the goal to deliver unparalleled insights and greater efficiencies related to inventory management throughout the supply-chain funnel,” Northpoint vice president of marine operations Gary Childress said in a statement. “If the test results deliver as anticipated, we would look forward to expanding the program throughout our customer base.”
Radian devices are installed during manufacturing or before delivery to the consumer to provide data-driven intelligence.
“We expect Radian telematics to improve transparency with our industry partners,” Jeff Strong, of Strong’s Marine, one of the program participants, said in the statement. “When our builders, banks and insurance partners understand our inventory position at all times, we are confident it will reduce administrative costs and any perceived risk.”
