We have something very similar in our company for cutting tools. If I compare it with your form, IMHO you ask for far too much information.
You already know exactly what was taken out via the "Order Code", so "Item Name" and "Size Taken Out" are superfluous.
If "Initial's" makes it clear who took it out, why then do we need PPE/Corp? It would only make sense if that the user takes something out for someone else; I assume that the user belongs to PPE or Corp...
"Qty Available In Cabinet" is wrong, nobody wants to count the current inventory, change it to "Qty taken".
You can then make the appropriate deductions in your inventory system and then know how much inventory is still in stock.
The date is also questionable, what is the use of this information? Who cares if I took a T-shirt out on Aug 15 or Sep 20... gone is gone.
So all that remains is "Order Code", "User Name" and "Qty taken", nothing more is needed.
Andreas.