1. SDS & Chemical Management.
- Author
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Haberer, Kraig
- Subjects
- *
CHEMICAL safety , *MATERIAL safety data sheets , *RATE of return , *RISK management in business , *COMPLIANCE auditing , *WORKERS' compensation , *BUSINESS insurance , *LABOR productivity , *ECONOMICS , *COST control - Abstract
The article discusses the return on investment (ROI) of chemical safety data sheet (SDS) systems, arguing that hazard management can reduce both risks and costs. Costs of SDS system implementation include time spent on SDS documentation and chemical inventory creation, compliance auditing fees, and compliance reporting. Benefits include lower workers' compensation and insurance costs, labor productivity, and protection of corporate brand. The efficiency of automated SDS systems is also noted.
- Published
- 2013