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What is UNSPSC?

April 26, 2017unspsc

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What is UNSPSC?

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The United Nations Standard Products and Services Code (UNSPSC) is the most efficient, accurate and flexible classification system currently available. It is an open global coding system that classifies products and services in a four-tier hierarchical system. UNSPSC is used extensively around the world in the electronic catalogues, search engines, procurement application systems and accounting systems. The Australian Procurement and Construction Council (APCC), which is the intergovernmental council of agencies from Commonwealth, State and Territory governments, and the New Zealand Government, responsible for procurement and construction policy, has endorsed UNSPSC.