Generate SKU: Auto Generate the SKU for variants according to the format: Parent SKU - Variation 1 - Variation 2. For example, if there is a T-shirt (white, XL) its parent sku is T-shirt, then the sku we generate is T-shirt - white - XL.
When editing a single product
fill out the parent SKU and click on Generate as below
When editing products in bulk
fill out the parent SKU and click on Generate as below > Click on Save