Abstract: A system and method for real-time inventory monitoring and acquisition of substances are described. The system includes a monitoring device for monitoring the substance's weight or volume and an interconnected database and processing subsystem for calculating a volume, spillage, revenue, cost of consumption, and remaining stock. The method includes storing calculation data related to a substance on a database, scanning or weighing a container holding the substance, and determining the volume, revenue, cost of consumption, loss of stock, and remaining stock.