Unleashing the Power of Sankey Charts: Visualizing Flow in Your Business
Sankey charts are a powerful visualization tool that can help businesses better understand the flow of materials, resources, and information within their organizations. They are particularly useful for identifying bottlenecks, reducing waste, and improving overall efficiency and productivity.
In this article, we will explore the basics of Sankey chart creation, as well as some practical applications for business improvement.
What is a Sankey Chart?
A Sankey chart is a type of flowchart that is used to represent the flow of materials or resources between different processes or regions. It is named after its creator, Charles Sankey, who developed the chart in the late 19th century.
Sankey charts are particularly useful for visualizing the flow of materials or resources between different stages of a process, as well as identifying opportunities for improvement or optimization. They can be used to track the movement of goods, services, or information, and can help businesses identify areas where bottlenecks or inefficiencies may be occurring.
Elements of a Sankey Chart
A Sankey chart typically consists of three main elements:
- Sources: These represent the inputs or origin points for a particular process or system.
- Links: These represent the flow of materials or resources between different processes or regions.
- Sinks: These represent the outputs or destination points for a particular process or system.
A Sankey chart can also include additional information, such as the quantities or characteristics of the materials or resources being tracked, as well as any bottlenecks or constraints that may be impacting the flow of materials.
How to Create a Sankey Chart
Creating a Sankey chart is relatively straightforward, as many charting tools, such as Microsoft Excel, Google Sheets, and Visio, have built-in Sankey chart capabilities. Here are the basic steps for creating a Sankey chart:
- Start by selecting a chart type in your charting tool, and select Sankey chart as the option.
- Determine the sources, links, and sinks for your charts. You may want to use data from a spreadsheet or other source to populate your chart.
- Configure the chart by selecting options such as colors, line styles, and fonts, to customize the appearance of your chart.
- Optionally, you can add additional details or annotations to your chart, such as labels, icons, or data tables.
Applications of Sankey Charts in Business
Sankey charts have a wide range of applications in business, including:
- Supply Chain Management: Sankey charts can be used to visualize the flow of materials or resources within a supply chain, from raw materials to finished products. They can help businesses identify bottlenecks and inefficiencies in the supply chain, and optimize processes for improved efficiency and productivity.
- Financial Analysis: Sankey charts can be used to visualize the flow of money or financial resources within a business, such as income and expenses, or revenue and profitability. They can help businesses identify opportunities for cost savings and improve financial management.
- Process Improvement: Sankey charts can be used to visualize the flow of processes and tasks within a business, such as workflows or production lines. They can help businesses identify bottlenecks or inefficiencies, and improve processes for increased efficiency and productivity.
- Environmental Monitoring: Sankey charts can be used to visualize the flow of materials or resources within an environmental context, such as a recycling or waste management system. They can help businesses identify opportunities for improved efficiency and reduced waste or pollution.
Conclusion
Sankey charts are a powerful visualization tool that can help businesses better understand the flow of materials, resources, and information within their organizations. They are particularly useful
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.