The Product Price and Product Inventory sections control how a product is priced and how its availability is managed.
This article covers product-level pricing and inventory settings. If a product has variants enabled, some price and inventory settings are managed at the variant level instead. If this applies to you, try reading the Product Variants article instead.
Product Price
The Product Price section allows you to choose how the product should be priced.
There are two pricing options:
Regular Price
Use Regular price when the product has one standard price per unit.
This section allows you to input a Regular Price, which is what customers will pay per item when purchasing and a Setup Charge which will apply once to anyone who orders this product, regardless of the quantity they purchase.
You can also toggle on On Sale switch
Then you can enter a Sale Price and a Sale Period UTC (Optional). When products are on sale, customers will see a sale badge in the main product catalogue and once they click on an individual product. However, this badge is editable and removable in Elementor.
Note on pricing and variants: If variants have not been enabled yet, you can enter the product's regular price directly in this section. If variants have been enabled, you will only be able to input a Setup Charge, and variant pricing will need to be managed in the Variants section. If variants are enabled/created after product price settings have been configured in this section, then those settings will automatically populate each variants pricing options. For more information on how to edit pricing at the variant level, read the Product Variants article.
Tiered Price
Use Tiered price when the price per unit should change based on the quantity ordered.
Tiered pricing allows you to define quantity ranges and a price per unit for each range.
Each tier includes:
- Range Start
- Range End
- Price Per Unit
- Discount
The Discount value is calculated automatically and cannot be edited manually.
The value entered in the first Range Start field is treated as the minimum quantity that can be ordered.
For example, if the first Range Start is 10, customers must order at least 10 units of the product.
The system automatically sets the start of the next range based on the end of the previous range. This prevents tiered pricing ranges from overlapping.
If the Range End of the final tier is left blank, then all quantities above the Range Start of the final tier will be priced in that tier.
Similarly, you can also configure a Setup Charge, which will apply once to anyone who orders any quantity of the product.
Tiered Pricing and Variants
When tiered pricing is enabled and variants are enabled, variant prices cannot be edited directly as separate fixed prices. This is different from normal pricing, where pricing is only handled at the variant level.
Instead, variants can use price modifiers to increase or decrease the product's base tiered pricing that you configure in this setting.
For example, if a product uses tiered pricing and one variant should cost more than the base product price, that variant can be given a positive price modifier in dollars.
Variant price modifiers are covered in more detail in the Product Variants article.
Product Inventory
The Product Inventory section allows you to choose how inventory should be managed for the product.
product-inventory-stock-status.png
There are two inventory management options:
Stock Status
Use Stock Status when you only need to manually mark the product as available or unavailable.
When Stock Status is selected, you can enter the product SKU and choose whether the product is:
- In Stock
- Out of Stock
If the product was connected from a supported vendor, the SKU may already be entered automatically.
This option is useful when you do not need Prodigy to track exact inventory quantities.
If variants have already been enabled, both the SKU and Stock Status settings will not apply to variants. The variants have their own unique SKU's and Stock Status, that can be edited in the Manage Variants section. However, if you configure these inventory settings first and then enable variants, these settings will auto-apply to all variants, and SKU's will be auto-generated like the following: LSP11-1, LSP11-2, LSP11-3, etc.
Further editing of variants SKU's and Stock Status will then need to be handled through Manage Variants. You can learn more about this in the Product Variants article.
Track Inventory
Use Track Inventory when you want Prodigy to track the product's available quantity.
When Track Inventory is selected, you can enter:
- SKU
- Quantity
As orders are placed, the available quantity is reduced automatically.
Similar to the Stock Status settings, if a product already has variants enabled, then these settings will not apply, as SKU and Quantity must then be managed at the variant level, but if these settings are configured, and variants are enabled afterwards, then they automatically apply to all variants.
For example, if you set quantity to 20, then when variants are enabled, all variants will display quantity 20. Of course, this is completely editable at the variant level. Check out the Product Variants article.
Inventory Threshold
When Track Inventory is selected, you can enable Inventory Threshold.
The Inventory Threshold field allows you to set a low-inventory quantity using the If less than field.
When product inventory falls below the threshold, Prodigy can send a low inventory email notification to all administrators and include the product in low inventory reporting.
To use these notifications and reports:
- Configure the low inventory email under Settings → Emails.
- Configure the low inventory report under Reports.
The low inventory email template is called Merchant low inventory notification.
Allow Customers to Purchase When Out of Stock
When Track Inventory is selected, you can enable Allow customers to purchase when out of stock.
When this option is enabled, customers can continue purchasing the product even after the available quantity reaches zero.
When this option is not enabled, the product cannot be purchased once it is out of stock.
That's everything you need to know about Product Price and Inventory. In the next article, we will cover Shipping and Taxes.