One of the five levels of classes in the United Nations Standard Products and Services Code [UNSPSC]. The other four levels of classification are Segment, Commodity, Class and Business Function (optional). The UNSPSC for any given item is therefore composed of four or five two-digit identifiers, which together universally categorise items. See also UNSPSC.« Back to Glossary Index
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 consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.