In recent years, data visualization has become one of the most critical tools for businesses and organizations to communicate their findings to the public. With the wide availability of different data visualization techniques, organizations must ensure that they are using the most appropriate tools to convey the information effectively. One such tool is the Sankey chart, a method of representing complex networked relationships between different entities. Sankey charts are useful for analyzing supply chains, product flow, and many more. In this article, we will explore the creation of a Sankey chart and its applications.
Sankey charts allow the representation of complex networked relationships between different entities. The basic structure of a Sankey chart involves four types of nodes, namely, the source node, the target node, the line, and the value (Figure 1). The source node represents the input of data, the target node represents the output of data, and the line connects the two nodes. The value represents the flow of data from one node to another.
The creation of a Sankey chart involves several steps:
- Identify the entities you want to represent on the chart. The entities can be represented using the nodes.
- Determine the flow of data from one entity to another. Determine the size of each line corresponding to the flow.
- Add a scale for the value of each line.
- Create the chart using a tool that allows you to design the Sankey chart.
Applications of Sankey charts include:
- Supply chain analysis: Sankey charts can be used to visualize the supply chain activities involved in a product or service. These can include sourcing, manufacturing, distribution, and logistics.
- Supply chain optimization: Sankey charts can be used to identify bottlenecks in the supply chain, which can be addressed by making changes to the flow of data.
- Performance analysis: Sankey charts can be used to analyze the performance of a product or service in different regions. This can help to identify areas that need improvement.
- Resource allocation: Sankey charts can be used to allocate resources for a project, such as budgeting.
In conclusion, Sankey charts provide a useful and effective way of visualizing complex networked relationships between different entities. With the right tool and steps, it can be a powerful tool for organizations to analyze their data and make informed 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.