Bundle Product Definition, How It Works, and How to Use It to Facilitate Inventory Management and Cost Calculation.
Bundle Product Definition:
A bundle product is a final product consisting of a set of products and raw materials previously added to the system.
The bundle product is treated as a single product, and the raw materials or products that make up its composition are automatically deducted from inventory upon its sale.
How Bundle Products Work:
| Mechanism | Details |
|---|---|
| Adding Raw Materials | All raw materials and products used in the production of the bundle product must be previously added to the system. |
| Creating a Purchase Invoice | The raw materials and products that make up the bundle product are purchased through a purchase invoice to be added to inventory. |
| Automatic Inventory Reduction | When the final bundle product is sold, the quantities used of the raw materials and products that make it up are automatically reduced. |
| Bundle Product Within Another | The final bundle product can be part of another bundle product. For example, pizza (a bundle product) can be part of a meal that includes a drink and fries. |
Practical Example:
A Restaurant Serving Vegetable Pizza:
- Pizza Ingredients:
- Dough.
- Olives.
- Cheese.
- Sauce.
- Adding:
- Each ingredient is added separately as an independent product.
- A bundle product named “Vegetable Pizza” is created and linked to the ingredients mentioned above.
- Benefits of the Bundle Product:
- Facilitating the cost calculation of each ingredient.
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Industries Benefiting from Bundle Products Feature and How to Benefit
Industry Description How to Benefit from Bundle Products Restaurants Preparing dishes that contain multiple ingredients such as pizza or sandwiches. Facilitate inventory management and calculate dish costs. Each ingredient is added separately, and a bundle product is created that automatically deducts the ingredients upon sale. Cafes Preparing beverages that require multiple ingredients such as coffee (cappuccino). Calculate the cost of a cup of coffee accurately and automatically reduce the ingredients (coffee, milk, sugar) from inventory upon product sale. Manufacturing Producing final products that require raw materials such as furniture (tables and chairs). Create bundle products that represent the final product (such as a dining table) while automatically reducing raw materials (wood, glue) upon manufacturing. Car Repair Shops Providing services that include both a product and a service such as changing car tires. Easily determine the cost of the service provided with the product (such as the tire and service) within a single invoice that includes all elements. Plumbing and Electrical Work Providing services that require materials and tools such as electrical or plumbing repairs. Prepare bundle products that contain materials (spare parts) and service to determine and manage the final cost flexibly.
Benefits of Using Bundle Products Feature:
- Effective Inventory Management: Automatic deduction of used materials.
- Accurate Cost Calculation: Distribute costs across the final product.
- Saving Time: Reduce manual effort in invoice preparation and quantity calculation. Automatic inventory deduction upon sale of vegetable pizza.
Important Notes
Bundle products are available in the Advanced package “Advance” and are not available in the Basic package “basic” or the Professional package “Pro”
Bundle products are also available in old Qoyod Plan packages.
