Streamlining processes is key to successful organization and effective data visualization is an essential component of this. Sankey charts offer a powerful way to visualize the flow of data and identify opportunities for improvement. In this article, we will explore the creation and applications of Sankey charts for efficient data visualization.
Sankey charts are a type of flowchart that are used to represent the flow of goods, services, or funds between organizations or individuals. They are particularly useful for identifying bottlenecks and areas for improvement in supply chain management, project management, and finance. Sankey charts are named after Rudolph Sankey, an Englishman who invented the chart in the late 19th century.
To create a Sankey chart, you will need to gather data on the flow of goods, services, or funds between different actors in your system. This data should be presented in a table or spreadsheet and should include information on the source, destination, and quantity of each flow.
Once you have your data, you can use a software program such as Microsoft Visio, Lucidchart, or Draw.io to create your Sankey chart. These programs offer templates for Sankey chart creation and allow you to connect the data points with arrows to represent the flow of goods, services, or funds.
Applications of Sankey charts for effective data visualization include:
- Supply chain management: Sankey charts are a valuable tool for supply chain management as they allow you to easily identify areas where there are bottlenecks or inefficiencies in the flow of goods or services. For example, you could use a Sankey chart to visualize the flow of materials through your supply chain and identify any stages where there is a significant delay.
- Project management: Sankey charts can be used to visualize the flow of tasks and resources in a project. This can help you identify areas where there are delays or bottlenecks and take corrective action to improve the efficiency of the project.
- Finance: Sankey charts can be used to visualize the flow of funds between different accounts in a company. This can help you identify areas where there are leaks or inefficiencies and make recommendations for improving financial performance.
In conclusion, Sankey charts offer a powerful way to visualize the flow of data and identify opportunities for improvement. They are particularly useful for supply chain management, project management, and finance. By using software programs to create Sankey charts, you can easily gather and analyze your data and make informed decisions to improve the efficiency of your processes.
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.
