Sankey charts are a powerful visualization tool that can be used to show the flow of materials, information, or money through a system or process. They are often used to identify bottlenecks, inefficiencies, or opportunities for improvement in a business or organization. In this article, we will cover how to create and apply Sankey charts for business advantage.
Sankey chart creation and applications
Sankey chart creation is a simple process that can be done using a spreadsheet program like Microsoft Excel or Google Sheets. To create a Sankey chart, follow these steps:
- Start by opening your spreadsheet program and creating a new chart.
- Click on the “Sankey” chart option in the chart type dropdown menu.
- Enter the relevant data into the Sankey chart, including the source and destination of materials, information, or money.
- Customize the chart by adjusting colors, symbols, and other visual elements to make the chart more interpretable.
Sankey charts can be used in a variety of business applications, including production planning, supply chain management, and budgeting. Some specific examples of how Sankey charts can be applied include:
- Identifying bottlenecks in the production process and implementing changes to improve efficiency.
- Tracking the flow of goods between different stages of the supply chain and identifying areas for improvement.
- Analyzing the costs and revenues associated with different business activities and identifying areas for cost savings.
Overall, Sankey charts are a valuable visualization tool that can be used to gain insights into the flow of materials, information, or money in a business or organization. By creating and applying Sankey charts, businesses can identify opportunities for improvement, streamline processes, and make data-driven decisions.
SankeyMaster
SankeyMaster is your go-to tool for creating complex Sankey charts . Easily enter data and create Sankey charts that accurately reveal intricate data relationships.
