Understanding and Using Commodity Codes

Objective: Educate suppliers on the importance of commodity codes, such as UNSPSC and NIGP codes, and how to correctly apply them in their quotes on the NASPO ValuePoint platform.

Introduction: Commodity codes are standardized classifications used to identify and categorize products and services. Understanding and using these codes correctly is crucial for ensuring that your quotes are accurately processed and matched with buyer searches and requirements.

Guide to Commodity Codes:

1. What are Commodity Codes?
   • Commodity codes, like UNSPSC and NIGP codes, are used to classify goods and services universally. These codes help in organizing product listings and ensuring consistency across the platform.
2. Finding the Right Commodity Codes:
   • Identify the appropriate commodity code for your product or service. This can typically be found in the NASPO ValuePoint platform’s resources section or through external sites dedicated to UNSPSC and NIGP code databases.
   • Choose the most specific code available to ensure your product is correctly categorized.
3. Adding Commodity Codes to Your Quote:
   • Enter the commodity code in the designated field within the quote form. Ensure that the code is accurate to prevent misclassification.
   • If multiple items are included in the quote, provide a separate commodity code for each item as required.
4. The Importance of Accurate Coding:
   • Accurate commodity coding is essential for ensuring that your quote is found in search results by buyers looking for specific types of products or services.
   • It also helps in aligning your offerings with buyer needs and compliance requirements, potentially leading to more successful transactions.

Conclusion: Properly understanding and using commodity codes is essential for the visibility and accuracy of your quotes on the NASPO ValuePoint platform. Taking the time to select and enter the correct codes can greatly enhance the effectiveness of your sales efforts.