Are you looking for a way to visually represent and optimize processes in your organization? Sankey charts may be just what you are looking for. In this brief guide, we will explore how to create Sankey charts and their various applications.
What is a Sankey chart?
A Sankey chart is a type of flowchart that is commonly used to represent the flow of goods, services, or information in a process. It is named after its creator, Process Flow Co. founder and CEO Charles Sankey, who introduced the chart in the 1920s.
How is a Sankey chart created?
Creating a Sankey chart is relatively easy using a spreadsheet program such as Microsoft Excel or Google Sheets. Here are the steps to create a Sankey chart:
- Open a spreadsheet program and create a new blank document.
- Insert a chart by clicking on the chart icon in the toolbar or by using the Insert Chart command.
- Choose the Sankey chart from the list of available chart types.
- Fill in the necessary information, such as the source, sink, and flow values, to represent the process you want to visualize.
- Customize the chart as desired, such as adding shapes, text, and colors.
Applications of Sankey charts
Sankey charts are a useful tool for visualizing and analyzing processes in many fields, including manufacturing, logistics, and finance. Some of the ways in which they are used include:
- Process improvement: Sankey charts can be used to identify bottlenecks, inefficiencies, and other areas where improvements can be made. This can lead to cost savings and increased productivity.
- Project management: Sankey charts can be used to represent the flow of tasks and resources in a project, making it easier to track progress and identify potential issues.
- Supply chain management: Sankey charts can be used to represent the flow of goods and services through a supply chain, highlighting potential bottlenecks and areas where cost savings can be achieved.
- Financial analysis: Sankey charts can be used to represent the flow of money through a financial process, making it easier to identify areas of concern and make data-driven decisions.
In conclusion, Sankey charts are a powerful tool for visualizing and optimizing processes in any field. By creating and using Sankey charts, organizations can improve efficiency, reduce costs, and make better-informed decisions.
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