Understanding what is UNSPSC code for punchout and hosted catalogs

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.

After Integrating Punchout Catalogs: Marketing to Users

The business benefits gained by vendors when integrating punchout catalogs into their customer’s e-procurement systems are hard to ignore. Punchout catalogs can be one of the best ways to increase revenues from—and grow deep roots into—your largest customers.

However, it is important to realize that participating in e-procurement connectivity is not a destination, it’s a journey. Punchout is the beginning of your enhanced relationship with the customer, not the end. Don’t stop sales and marketing efforts to that customer once the punchout is in place.

COVID-19: e-Commerce and e-Procurement

We are living in unprecedented times, as COVID-19 has not only disrupted our supply chains but our very way of life. Businesses around the world are struggling to find ways to adapt. Organizations that were already using B2B e-commerce already recognized the importance of connecting their clients with their products. They also recognize that now making sales is more important, and more challenging, than ever before.