My head is spinning with attribution, so much so that I've suffered a brainfart and forgotten everything SO, stupid newbie question:

If I have the following naming scheme for products in the current supplier database, eg:
[font=Courier]
AW001-BO Candles, 8" - Bordeaux
AW001-DG Candles, 8" - Dark Green
AW101-IV Candles, 10" - Ivory
AW101-L Candles, 10" - Lilac
AW101-NB Candles, 10" - Navy Blue[/font]

See how that naming scheme goes? Is there any way to fit this "changed suffix" scheme in, or am I better having a seperate product for each colour, for the time being? (Prices are same)