What are North America Industry Classification System (NAICS) codes?
Major corporations use NAICS codes and key words to identify business opportunities. If your NAICS code is not precise and concise, you will miss out on potential business opportunities. Please be smart about the selection of your code(s). Major corporations are not looking for a “jack-of-all-trades.” They are looking for functional experts. North American Industry Classification System (NAICS) is an industry classification system that groups establishments into industry sectors based on the activities in which they are primarily engaged. The NAICS code is a comprehensive system covering the entire field of economic activities, producing and non-producing. This system replaces the former Standard Industrial Classification (SIC) designations. Corporate America as well as some local, state, and federal government entities use NAICS codes. You are required to identify your business’s NAICS designation code. The NMSDC and corporate buying groups use NAICS codes to identify certified MBEs.
Related Questions
- How do I find the Federal Supply Classification Code (FSC) or the North American Industry Classification System (NAICS) code?
- Where can I find a list of Harmonized System (HS) codes and the North American Industry Classification System (NAICS) codes?
- What is the North America Industry Classification System (NAICS)?
