What are UNSPSC Codes?

What do UNSPSC Codes mean?

UNSPSC (United Nations Standard Products and Services Code) is a global taxonomy used to classify goods and services in a consistent way. The system assigns an 8-digit hierarchical code that identifies categories, families, classes, and commodities.

Organisations use UNSPSC Codes to standardise procurement data, improve reporting, and ensure consistent classification of products and services across ERP, CMMS, and procurement systems. Without a common standard, the same product may be recorded differently in separate systems, leading to confusion and inefficiencies.

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Why UNSPSC Codes matter

Procurement efficiency – supports Supplier Spend Analysis by categorising spend data consistently.
Cost savings – eliminates duplication and misclassification in MRO Data.
Standardisation – provides a common language across suppliers, business units, and industries.
Data accuracy – improves reporting and analytics by ensuring reliable categorisation.
Compliance – aligns with international frameworks and supports transparent procurement practices.

How Sharecat supports UNSPSC adoption

Sharecat Data Services helps organisations align their procurement and spare parts data with UNSPSC Codes by cleansing, mapping, and enriching material and supplier records.

This ensures that:

Vendor Master and Material Master records are classified consistently.
Duplicate Material Identification is supported by clear coding standards.
S pare Parts Standardisation is achieved with a globally recognised framework.

By embedding UNSPSC Codes into ERP and procurement systems, Sharecat enables accurate spend visibility, streamlined sourcing, and long-term data governance.

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Glossary

What are UNSPSC Codes?

What do UNSPSC Codes mean?

Why UNSPSC Codes matter

How Sharecat supports UNSPSC adoption