Utilizing receipts for tracking usage is a great way to simplify the inventory process because received quantities can be tracked at the time they are received instead of manually incrementing a running total in an inventory which occurs every month or so.

The one downside of receipts is that it is common to miss some receipts as they come in. The new MSDS Inventory / Receipt Comparison report allows balancing inventory values against receipt values. This report can help identify missing receipts by pointing out where the increase in inventory quantity is greater than the received amount.

Another report was also added but it is a NRF customer specific report called Chemical Inventory Quantities (Pounds) Style R1.

Look for both of these reports in the next release. These reports both appear in the Special Inventory Reports dropdown in the Inventory Reports menu.

Labels: chemical compliance manager, chemical inventory, chemical management