The UNSPSC code is the – “wait there’s one more thing” of the eProcurement world. But what is UNSPSC code?
The United Nations Standard Products and Services Code-or UNSPSC for short-is a coding system used to describe products and services in a common way rather than using a vendor’s internal catalog or description.
Oh, and it’s required for all punchout products.
In eProcurement it’s typically used to do things like quickly measure spend across a particular commodity (e.g copier paper – UNSPSC 14111507).
Classifying your products can seem like a daunting task but it doesn’t have to be. Depending on your product offering you may be able to apply one or a small sub-set of UNSPSC codes to your products.
In some cases your client’s eProcurement platform may require that UNSPSC codes be mapped system-wide. In these cases, they may provide you with a pre-set selection of UNSPSC codes for your product offering.
Your CoreXpand Punchout Specialist can guide you through this process and provide more time-saving tips to quickly and easily connect you with your customers through punchout. But what is