Sankey charts are a powerful visualization tool that can help you better understand and optimize the flow of resources in your business. They are particularly useful for visualizing how different departments or processes interact, and for identifying potential bottlenecks or areas for improvement. In this article, we’ll cover how to create Sankey charts, and some examples of their applications.

What is a Sankey chart?

A Sankey chart, also known as a Funnel chart, is a type of flow chart that is used to show the flow of resources through a system. It is named after the British statistician Frank Sankey, who created the first Sankey chart in 1910. Sankey charts are commonly used to visualize the flow of goods, materials, services, or information through a business.

How to create a Sankey chart

There are a few different ways to create a Sankey chart, but one of the most popular methods is using Microsoft Excel. Here is an example of how to create a Sankey chart in Excel:

1. Enter your data into Excel. You will need to enter the source, target, and quantity of each resource that flows through the system.
2. Insert a Sankey chart in Excel. You can do this by going to the Insert tab, selecting the chart option, and choosing a Sankey chart from the drop-down menu.
3. Configure the Sankey chart settings. You can adjust the chart’s appearance by changing the chart style and properties.

Examples of Sankey chart applications

Sankey charts offer a number of benefits for business owners and managers. Here are a few examples of how they can be used:

1. Optimize resource flow: Sankey charts can help you identify areas where resources are being wasted or are not being used effectively. By visualizing the flow of resources, you can see where there are bottlenecks or areas for improvement, and make informed decisions about how to optimize your business.
2. Improve collaboration: Sankey charts can also be used to visualize the flow of information between different departments or teams within your business. This can help foster better collaboration and communication, and ensure that everyone is working towards common goals.
3. Monitor progress: Sankey charts can be used to track the progress of key projects or initiatives, and identify areas where progress is being slowed down or hindered.

Conclusion

Sankey charts are a powerful tool for visualizing the flow of resources in your business. They are easy to create and customize, and offer a wide range of benefits for business owners and managers. By using Sankey charts, you can optimize resource flow, improve collaboration, and track progress, and make informed decisions about how to improve your business.

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