Electronic sensing systems and methods are disclosed. The electronic sensing system (ESS) receive an olfactory product and one or more smell characteristics of the olfactory product are detected and extracted by identifying a headspace of the olfactory product. A comparison of the extracted smell characteristics with one or more smell characteristics associated with a historic training data stored in a database is performed and a match between the extracted smell characteristics and the one or more smell characteristics associated with the historic training data is determined using machine learning technique(s). Further, the ESS generates a report for the olfactory product comprising at least one of type of the consumable, name of the olfactory product, a status of the olfactory product, an age of the olfactory product, and a decaying index, and classifies the olfactory product into one or more categories based on the report and/or the historic training data.