In this article, we’ll dive into the basics of consumable inventory management, and provide simple steps for how to keep track of consumables for your growing business.Ĭonsumable inventory refers to “everyday” items with short lifespans your business uses to fulfill daily operations. And, as such, keeping these items in stock couldn’t be more important. This particular kind of inventory is essential to your company’s productivity and profitability. Chances are your business relies on more than a few consumables to keep daily operations running smoothly.