Celebriducks: CEO Metrics
Overview
Celebriducks is a company that is located in California. They are in the rubber duck industry and make rubber ducks in the form of celebrities, athletes, bikers, movie characters, and other animals. If you want a pig rubber duck, say no more. Celebriducks has you covered. If their diverse lineup of rubber ducks isn’t satisfying enough, Celebriducks also allows customers to custom order their own design of rubber ducks. This is incredibly handy and useful as corporations that realize there is a need to have rubber ducks dawning their apparel can do so via custom order at Celebriducks.
Birthday party? Celebriducks.
Bar mitzvah? Celebriducks.
Piano recital? Celebriducks.
The possibility of rubber duck filled moments in life is truly endless now that the world has Celebriducks. According to their website, they were voted as one of the top 100 gifts by entertainment weekly. See below for this glowing review from their website:
Metrics
The CEO of Celebriducks certainly has a big role to fill. The demand for such a hot and customizable commodity is as vast as a duck pond and as deep as a duck can dive. Take a gander at some of these metrics below and you’ll see what I mean:
The CEO of Celebriducks certainly has a big role to fill. The demand for such a hot and customizable commodity is as vast as a duck pond and as deep as a duck can dive. Take a gander at some of these metrics below and you’ll see what I mean:
·
Individual vs corporate sales
·
Custom vs stock sales
·
Sales broken up by geographic location(city,
state, country, etc)
·
Ducks made in America vs made by international vendor
·
Success of medical & food grade vs
non-medical & non-food grade
·
Special events vs holidays to analyze peak times
This is a
corporate custom order duck that is marketed heavily by the country of origin
and state of purchase.
In order to keep from appearing to be a lame duck, the
CEO of Celebriducks could very well take these metrics in addition to others
into consideration. While dabbling with the idea of new produckts, the company
will probably look into well it will perform well on a corporate or individual
level. By further breaking up the individual customer types into certain
demographics, they can see which product types are bought by which individuals
the most often.
Additionally, Celebriducks is probably very keen on which
types of ducks sell the best. By creating a produckt line with very diverse
purchasing options, Celebriduck can hope to have in stock options for most
customers but also don’t want to tie up all of their capital in one off type of
rubber ducks. That being said, the CEO can look at which type of ducks are
starting to trend at any given time and if he sees that one produckt is
receiving more and more custom orders, can keep it as a normal stock item.
This is a good
example of a custom duck that was made in a limited run but there has since
been a surge in demand. Though custom now, the duck may end up in the stock
sale item pond.
Custom vs in stock sales is definitely a metric to dabble
with, but by breaking the produckts into more refined categories, Celebriducks
can further dive into their customer pond and find out where sales are
trending. For example, if there is a demand for ducks that are made in the USA
vs outsourced, they may want to track that as a metric since their website has
a specific ‘Made in USA’ sales category. Finally, the material type could very
well play a significant role in the customer’s purchase decision. When ordering
a duck to go in a hospital or child’s room, they customer will probably acquire
a duck that is medical and food grade so any children that put the duck in
their mouth won’t be poisoned.
Since these metrics all have to do with the sale of the
ducks in question, a transaction fact table will suffice and be adequate to run
analysis on the select metrics. Granted, the CEO could very well be interested
in stock levels and underutilized inventory space, but for this assignment I am
assuming that the sales and inventory managers are interested on which products
need to be more heavily stocked and the CEO is concerned with which customers
are buying which types of produckts.
See below for a possible dimensional model which would allow the CEO of Celebriducks to analyze the metrics stated above:
In conclusion, Celebriducks could very well benefit from an in depth analysis of customer and sales item type as well as when they see sales trends as far as holidays and special events. If you're looking for a great time and a gift to quack someone up, a Celebriduck is the perfect gift idea for you.
All information and images from http://celebriducks.com/
All information and images from http://celebriducks.com/
***Disclaimer: This blog is a graded assignment and is not an actual product review or business recommendation***
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