Glossary / Classification
UNSPSC
The United Nations Standard Products and Services Code is a hierarchical classification of products and services with segment, family, class and commodity levels, each two digits, for an eight-digit code. The UN Global Marketplace tags its tenders with UNSPSC codes and asks suppliers to register against them; AusTender uses UNSPSC categories for Australian Government approaches to market; a number of U.S. states and many large companies use it in their purchasing systems. It is managed by GS1 US.
Why it matters to your pipeline
A company that wants the UN's, Australia's or a UNSPSC-based state's buying has to describe itself in UNSPSC terms to be found and to be notified. GovSmith maps a client's business to the code systems each market uses, UNSPSC among them, so the client's profile reads correctly in every source its Search watches.
When this term shows up in an opening GovSmith finds for you, your vCM explains what it means for that pursuit and does whatever it calls for. You decide; we do the work.
Example
A water-purification company registers on the UN Global Marketplace under UNSPSC 40151500 (pumps) and 47101500 (water treatment), and receives notices from UNICEF and UNHCR for field-unit tenders.
Find out what applies to you
Some terms will matter to your business right away and some won’t for years. A vCM can tell you which are which.