A coding scheme which contains combinations of letters and numbers, for example, assigning codes to suppliers where the code may include part of the supplier’s name in letters, as well as some numbers. The UNSPSC scheme for coding goods and services is an example of a numerical coding system, although other numeric coding schemes are also used. See also UNSPSC.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
