Sankey charts are a type of flowchart that are used to visualize and understand the flows of data or materials between different elements. They are particularly useful for identifying bottlenecks, optimizing processes, and improving efficiency. In this guide, we will show you how to create and apply Sankey charts to help streamline your data and process flows.
What is a Sankey chart?
Sankey charts are named after Dutch engineer Henk Sankey, who patented the method in 1937. They are a type of flowchart that are used to visualize and understand the flows of data or materials between different elements. Sankey charts are particularly useful for identifying bottlenecks, optimizing processes, and improving efficiency. They can be used to visualize data flows such as money, chemicals, or information.
How to create a Sankey chart
There are several online tools and software applications that you can use to create Sankey charts. Some popular options include:
- Microsoft Excel: You can create a Sankey chart using Excel by using thesankeyfunction. This function takes two sets of data, and creates a Sankey chart that shows the flow between the two sets.
- Lucidchart: Lucidchart is an online diagramming and visualization tool that includes a Sankey chart creator. You can import your data into Lucidchart, and then create a Sankey chart to visualize the flow between different elements.
- SmartDraw: SmartDraw is a similar tool to Lucidchart, that also includes a Sankey chart creator. You can import your data into SmartDraw, and then create a Sankey chart to visualize the flow between different elements.
Applications of Sankey charts
Sankey charts are a flexible tool that can be used in a variety of different industries and applications. Some examples include:
- Supply chain management: Sankey charts are particularly useful for visualizing and understanding the flows of materials and information in supply chain management. By analyzing the flow between different elements, such as suppliers, manufacturers, and distribution centers, companies can identify bottlenecks and optimize their supply chain for efficiency.
- Marketing analytics: Sankey charts can be used to visualize and understand the flow of information and materials between different marketing channels, such as social media, email marketing, and customer service. By analyzing the flow between different channels, companies can identify areas where they need to improve their marketing efforts.
- Financial analysis: Sankey charts can be used to visualize and understand the flow of money between different elements, such as revenue streams, expenses, and investments. By analyzing the flow of money, companies can identify areas where they need to improve their financial management and optimize their cash flow.
Conclusion
Sankey charts are a powerful tool for visualizing and understanding the flows of data or materials between different elements. They are particularly useful for identifying bottlenecks, optimizing processes, and improving efficiency. By using Sankey charts, you can gain valuable insights into your data and process flows, and take action to streamline and improve your operations.
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.