Tag Archives: inventory

Inventory Control Software Business Plan


Inventory Control Software Business Plan


Royal&#8217’s Software has set out to create Royal&#8217’s Inventory Basic&#8211, a scalable inventory product. Pursuit Solutions will sell the new product, which is expected to be available in May.

Pursuit Solutions will distribute Royal&#8217’s Inventory Basic through over 1,100 Valued-Added Resellers. This is a $50 Million company hardware integration reseller. The product will sell for $2,499. Royal&#8217’s Software will get $1,250 per unit. It is projected that Pursuit Solutions will sell 250 units by month six. Royal&#8217’s Software is expected gross $313,000 after first year sales.

Support and product modifications will play a crucial role in software sales. Royal&#8217, Software estimates that $63,200 will be spent on product modification within six months.

In addition, Royal’s Software has entered into a business agreement with Pursuit Solutions and Johnson and Roe (CPA firm) to create a MAS 90 portable data collection interface that will be sold to accounting firms. This software product is in development for the past ten month.

John Royal, Dan Whiteaker and other key players in the product development process. MAS 90 is not a product that is packaged. Instead, it comes with software customization services (2,000 to $3,000) which will be provided by Royal&#8217. This software product is expected to sell for $2,500

Royal&#8217’s Software will receive 1/3 the gross sales ($833). It is projected that Royal’s Software will gross $500,500 by May of next year from product sales and customization services.

The two co-owners of Royal’s Software, John Royal and Dan Whiteaker, will each invest $50,000. In addition, the company will obtain a $100,000 short-term loan.

1.1 Objectives

The objectives of Royal’s Software are as follows:

  • Assemble the company to be a leader of inventory software products.
  • Each year, increase sales 20%
  • Develop one new inventory product per year.

1.2 Mission

The mission of Royal’s Software is to create inexpensive inventory software that will be scalable, so customer modification can be easily added.

1.3 Keys to Success

The ability to produce products on time and on budget, that meet the user’s needs and specifications.