QUANTIFYING THE FINANCIAL BENEFITS OF CHEMICAL INVENTORY MANAGEMENT

April 11, 2018

The survey findings enabled a calculation of the financial benefits gained through more efficient chemical inventory management, use, and reporting. On average, organizations achieved an annual financial benefit of $12,900 per laboratory staff user plus $12.50 per container for inventory management support. Accordingly, for an organization of 50 laboratory staff users with 10,000 chemical containers, the financial benefits are estimated at $770,500 per year.

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Biddle Sawyer Corporation

Biddle Sawyer is a trusted veteran with over 60 years in the field of chemical sourcing/supply, marketing, and distribution delivering high-quality low-cost products to our customers and partners. Headquartered in New York City, we have warehouses, offices, and associate partners in Asia, EU and South America.

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Spotlight

Biddle Sawyer Corporation

Biddle Sawyer is a trusted veteran with over 60 years in the field of chemical sourcing/supply, marketing, and distribution delivering high-quality low-cost products to our customers and partners. Headquartered in New York City, we have warehouses, offices, and associate partners in Asia, EU and South America.

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