This guide outlines the procedure for creating a composite product in LightSpeed, ensuring accurate inventory management and product setup.

Prerequisites:

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Best Practices

• Ensure all product details are accurately entered into the system to maintain inventory accuracy.
• Regularly review and update product information as needed.
• Naming Convention: Use the format [Brand] [Product title] / [Sales Channel] / [Size].
  • Example: Vitalyse Chlorine Multi Slow Tab / Supplier / 25kg
  • Example: Vitalyse Chlorine Multi Slow Tab / Field / 1kg
• Additional product categories should not be created. If a category does not exist that you require, please email evolution@poolwerx.com.au 

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Procedure:

1. Open LightSpeed and navigate to Catalog > Products.
2. Click "Add Product".
3. Enter Product Information (as a minimum, enter/select the fields below):
   • Name: Enter the product name (use the format [Brand] [Product title] / [Sales Channel] / [Size]).
   • Product Category: Select a product category.
   • Sell on Point-of-Sale: Check the box to make the product active and available for sales.
   • Product Type: Select “Composite Product”.
   • SKU Code: Select either Auto-generated for automatic SKU generation or Custom to enter your own SKU code. 
4. Products Section
   • Use the ‘Search for products to add’ box to find a product by name or SKU.
   • Click the product to add it to the list. If the product has variants, you will be prompted to select a variant.
   • Modify the quantity of each product as needed. 
   • Repeat the process untill all products are added and quantities are adjusted. If necessary, use the trash icon to remove products. 
5. The supplier price will automatically calculate based on the added products and their quantities. 
6. Determine your Sales Price (Retail Price):
   • Markup: The amount added to supplier cost to determine the retail price.
   • Margin: The profit you make on the item after deducting supplier costs. 
   • Retail Price: The price the product will be sold at in your business, including tax. You can set the retail Price manually or by entering the margin or markup percentage.
7. Click Save 

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Additional Resources:

• Understanding Product Types
• Creating a single SKU Product
• Creating a Variant Product