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 ATTACHMENT PREVIEW Download attachmentRunning head: NEW PRODUCT DEVELOPMENT1NEW PRODUCT DEVELOPMENT- MKTG 572Week 6 Course Project PaperKeller Graduate School of ManagementFebruary 18, 2017

View the AnswerNEW PRODUCT DEVELOPMENT2NEW PRODUCT DEVELOPMENTAbstractFor the new product in form of software application that is used to trail and monitor theinventory of the resources and materials in high demand by clients for the business operations,we offers different things about the new application development to be adopted and executed forusage by our firm. We recommend the purpose and concept of the new product to be launch touse in the corporation. The foundation of the new application for tracking and observing goodsincludes the necessities of the clients for this application, advantages, worth, prospects, reasonsfor procuring the application for practice to order food from the online service of the restaurantbusiness. The new product plan offers strategic analysis that proposed application product orinventory tracking or management Application satisfies the business processes and strategies.The forecast analysis is needed to check the investment, expenditure estimation, analysis throughlearning curve as well as money needs for forecasting and assessing the ROI of the newapplication used in the corporation. Lastly, we will give some brief discussion on thedevelopment schedule and testing of the new product for our business besides time constraintsand possible concerns arriving in the development and implementation of new inventorysoftware for the business operations.Recommendation OverviewThe project involves new application named inventory management Application aim totrack and monitor inventory for the business requests in different areas. The proposed product isan inventory control and management software application recognized as “Royal’s Software”.The recommended software application trailing and monitoring the inventory of the businessassets located in different regions helps the clients to interact directly to the businessadministrators and people of the corporation in more efficient manner. The product offers anoptimal and effective solution to the corporate business to handle the clients’ orders for itemsalong with the control eye or management on the inventory stocks or orders as per demands ofthe clients. Royal’s Software product or application has boarded on a determined plan to build anovel software invention, “Royal’s Inventory Basic” is an accessible inventory softwaremerchandise. The innovative product is arranged to be unconstrained in April month as well aswill be vended by “Pursuit Solutions”. The purpose or objective of Inventory Control

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