Boosting Retailers’ Digital IQ
Through ERP Implementation, Digital Process Roadmap, Omni-channel, and DTC strategy enablement
We Help Retailers Like You
With The Following Challenges
ElevatIQ consultants have deep expertise in implementing ERP systems for several retail and eCommerce sub-sectors. This specific expertise reduces your digital transformation project’s time and costs, as we don’t need training on your industry and business processes. We already understand particular processes for your micro-industry.
Want to learn more about why independent ERP consultants have a higher success rate with retail ERP implementation?
Retailers Enjoy These Benefits
By streamlining the process, information, and system architecture, retailers enjoy several benefits resulting in financial gains of higher net new sales, retention of existing customers, and higher profit margins.
Are you facing these problems as well?
Check Our Popular YouTube Videos
How is ElevatIQ different?
From Other Retail ERP Consultants?
Unlike other ERP consultants, ElevatIQ’s major focus area is on the retail industry and has consultants that have been certified by retail trade groups. ElevatIQ not only has depth in the generalized ERP processes, but it also has profound expertise in retail micro-verticals such as wine and cannabis, apparel and fashion, home goods and furniture, FMCG, and pharmacy retail.
Unlike 80% of the retail ERP consultants who believe that they can save ERP implementation through a checklist or a database, we don’t believe so. The success of an ERP implementation requires careful analysis of transactions, supply chain material flow, omnichannel interaction flow, SKUs, and data models aligned with the business model. ElevatIQ doesn’t walk away after the selection. We remain deeply involved throughout the process and often act as the backup CIO or CIO advisor for most of our clients.
Building a vendor-agnostic architecture requires you to draw the data flows between different entities, stores, warehouses, channels, processes, and systems. It also requires you to identify the source of truth for each shared dataset. Finally, you need to design master data governance process flows and how you will maintain the integrity of architecture through the process and data controls. There are very few firms like ElevatIQ that have deep expertise in building enterprise architecture that scales.
Retail ERP has never been the solution to all problems. And it will never be. A company needs to use 5-10 other applications such as POS, WMS, TMS, S&OP, PLM, and eCommerce in conjunction with an ERP. Unlike most independent ERP consultants, our consultants have expertise in multiple systems, including HCM, CRM, E-commerce, WMS, and TMS. ElevatIQ has expertise in selecting the right systems for the right job and creating a vendor-agnostic multi-system retail information architecture.
While there are similarities between businesses and industries, it’s the differences that make or break digital transformation initiatives. These differences could include SKUs, PLUs, designs, styles, production and procurement processes, planning strategies, or customer hierarchies. Unlike most independent ERP consultants who tend to be generalists, ElevatIQ has deep micro-vertical expertise in specific retail industries such as Apparel, Shoes, Cosmetics, and Industrial components.
Unless you have hands-on experience implementing most ERP systems in the market, they all appear alike. And these nuances are what make ERP implementation so challenging. ElevatIQ’s consultants have hands-on experience implementing most leading retail ERP systems in the market. And this expertise helps ElevatIQ to have a higher success rate with Retail ERP implementation projects through the deeper alignment of business models with solutions.
When it comes to business model transformation initiatives such as DTC, experience stores, or marketplace business model, just an ERP system is never enough. You need a solution architecture along with the process and organizational alignment that play a crucial role in the success of these initiatives. With its deep expertise in enterprise-grade systems and architectures, ElevatIQ is uniquely positioned to help with your next business model transformation initiatives.
Want to learn more about how ElevatIQ is better qualified than other ERP consultants?
Check Our Popular Retail Blogs
Our Services For The
ElevatIQ services include retail and customer experience transformation readiness assessment and vendor-agnostic digital process architecture development; business process re-engineering, documentation, and design; digital roadmap and business case development; enterprise technology selection; requirement, project, and change management; RFP development and contract negotiation; ERP implementation, optimization, and training; and ERP project recovery and expert witness.
For The Retail Industry
Our methodology starts with the assessment of your current processes and architecture. This step is typically followed by a digital roadmap that will contain necessary changes that need to be made to the processes, data, and systems to be ready for the desired to-be state. Once the executive team and board agree with the changes and the plan, the action plan is drafted with a phased approach with the lowest hanging fruits and highest financial rewards. The action plan could include ERP selection and implementation. Or the optimization of current systems.
Ready to learn how we can help With Your ERP Selection?
Most Recent Questions Retailers Asked
About Their Digital Transformation Journey
An ERP stands for “Enterprise Resource Planning.” It’s a business management suite that can integrate all business processes of a retailer such as store operations, warehouse management, inventory, procurement, merchandising, planning, and accounting in one system. Read more here.
While several ERP systems in the market could provide profound functionality for several businesses, retailers have unique needs with multiple systems involved with cash transactions such as POS, RMS, OMS, and eCommerce. They might also have complex warehouse management processes, supplier management, inventory accounting, and regulatory reporting. A non-retail ERP solution would require significant customizations for retailers to use it productively and increase your implementation risks and costs.
While the cloud provides several advantages, including mobile-friendly, subscription-model, and without the hassle of managing IT infrastructure, the cloud may not be suitable for every business. Some businesses, such as medical devices, may have validation needs on each software upgrade. If so, the cloud could be prohibitively expensive. You should evaluate all the options before deciding which model is the right fit for your needs.