From the Release Notes:

In Odoo 17.4 the product form has been revamped but you can still make your products tracked or not (storable vs consumable).

1. When you select Product Type: Goods and check the box that says Track Inventory, that essentially makes it a Storable Product.
2. When you select the Product Type: Goods, and keep the box that says Track Inventory unchecked, that essentially makes it a consumable product.

This is change that I do not like when Odoo upgrade.  Confusing for users. Not described in release notes, so surprise, surprise.

Thanks for the information.

I do not like it either, because I use the type in server actions and when printing labels. 

Now I have Python exceptions because the type does not exist anylonger. Grrr...

In additon , the combobox in Dutch says : 

TRACK INVENTORY (checkbox) ; 

​- By uniqie Serial number (OK)

​- By lots (ok)

​- No tracing

(instead of By quantity)

This is REALLY confusing !

Dirk