For v7 addon: product_bundle
This addon, once installed, will add a Supply Method (Manufacture, Buy, Bundle). If the Bundle method is selected then a Bundle tab will be added to the product. In this tab, you can create a list of products and then test to see if it does what you want.
The module's author did not include sufficient information to get started using. There should have been a description of the changes to the menus. When this information is missing, you can look at the source code to guess what the module does.
Sorry, cannot comment yet on an answer (karma to low) About v7 addon product_bundle: The zip download on http://www.openerp.com/apps/7.0/product_bundle [1] is *out-of-date*. I found the most recent one in the authors github repo: https://github.com/Elico-Corp/openerp-7.0/tree/master/product_bundle The author has fixed some quite major bugs: Missing security settings (only admin was able to edit products after installation of the addon) Quantities was incorrect when ordering more than just one bundle in a single order line [1] http://www.openerp.com/apps/7.0/product_bundle