Chemical Inventory Management involves tracking and controlling the quantities and locations of chemicals within an organization. This process ensures that all chemicals are stored safely, used efficiently, and disposed of properly, minimizing risks to health and the environment. Effective management includes maintaining accurate records, labeling containers, and conducting regular audits. By using software tools and databases, organizations can streamline their inventory processes, comply with regulations, and reduce costs associated with excess or expired chemicals. This practice is essential in industries such as pharmaceuticals, laboratories, and manufacturing.