Understanding the role of entanglement and its dynamics in composite quantum systems lies at the forefront of quantum matter studies. Here we investigate competing entanglement dynamics in an open Ising-spin chain that allows for exchange with an external central qudit probe. We propose a new metric dubbed the multipartite entanglement loss (MEL) that provides an upper bound on the amount of information entropy shared between the spins and the qudit probe that serves to unify physical spin-fluctuations, Quantum Fisher Information (QFI), and bipartite entanglement entropy.