Unspsc Code List Excel Template For Easy Classification

The United Nations Standard Products and Services Code (UNSPSC) is a widely used coding system that helps organizations classify their products and services in a consistent and standardized way. The UNSPSC code list is a comprehensive catalog of codes that covers a vast range of products and services, making it an essential tool for procurement, supply chain management, and data analysis.

In this article, we will discuss the importance of using UNSPSC codes, their benefits, and provide an Excel template for easy classification.

Why Use UNSPSC Codes?

Using UNSPSC codes offers several benefits, including:

Improved data accuracy and consistency
Enhanced procurement and supply chain management
Simplified data analysis and reporting
Better decision-making through standardized data
Increased efficiency in classification and coding processes

Benefits of UNSPSC Codes

The UNSPSC code list provides a standardized framework for classifying products and services, which has numerous benefits for organizations. Some of the key benefits include:

Improved Data Accuracy and Consistency: UNSPSC codes ensure that data is accurate and consistent across different departments and systems, reducing errors and inconsistencies.
Enhanced Procurement and Supply Chain Management: UNSPSC codes help procurement teams to quickly identify and categorize products and services, streamlining the procurement process and improving supply chain management.
Simplified Data Analysis and Reporting: UNSPSC codes enable organizations to analyze and report data in a standardized way, making it easier to identify trends, patterns, and insights.
Better Decision-Making: With standardized data, organizations can make informed decisions based on accurate and consistent information.

UNSPSC Code Structure

The UNSPSC code list consists of a four-level hierarchical structure, comprising:

Segment: The highest level of classification, representing a broad category of products or services.
Family: A sub-level of classification that groups related products or services within a segment.
Class: A sub-level of classification that groups specific products or services within a family.
Commodity: The lowest level of classification, representing a specific product or service.

UNSPSC Code List Excel Template

To make classification easier, we have created an UNSPSC code list Excel template that you can download and use. The template includes:

Segment Codes: A list of segment codes, with descriptions and examples.
Family Codes: A list of family codes, with descriptions and examples.
Class Codes: A list of class codes, with descriptions and examples.
Commodity Codes: A list of commodity codes, with descriptions and examples.

How to Use the UNSPSC Code List Excel Template

Using the UNSPSC code list Excel template is easy:

Download the template and open it in Excel.
Review the segment codes and select the relevant segment for your product or service.
Drill down to the family codes and select the relevant family.
Drill down to the class codes and select the relevant class.
Drill down to the commodity codes and select the relevant commodity.

Tips and Best Practices

Use the Most Specific Code: Always use the most specific code available to ensure accurate classification.
Use Consistent Coding: Use consistent coding across different departments and systems to ensure data accuracy and consistency.
Review and Update Codes: Regularly review and update codes to ensure they remain relevant and accurate.

Conclusion

The UNSPSC code list is a powerful tool for classifying products and services in a standardized way. By using the UNSPSC code list Excel template, organizations can improve data accuracy and consistency, enhance procurement and supply chain management, and simplify data analysis and reporting. Remember to use the most specific code, use consistent coding, and review and update codes regularly.