Product classification

Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “Incoterms” and industries can be classified into categories.[1]

Some standard product classifications include:

  • CPA — Classification of Products by Activity, a product nomenclature that was used in the European Economic Community and now in use in the EU, a European version of the CPC
    • CPA 1996[2]
    • CPA 2002
    • CPA 2008[3]
    • CPA 2.1[4]
  • CPC — Central Product Classification, a United Nations standard classification for products
  • ETIM, the ETIM Technical Information Model
  • Global Classification and Harmonized Schedule Numbers for customs classification
  • HS — Harmonized Commodity Description and Coding System
  • SITC — Standard International Trade Classification
  • Trade in Services
  • UNSPSC, the United Nations Standard Products and Services Code
  • IEC Common Data Dictionary (IEC CDD), a product classification and product description based on international standards and defined by the International Electrotechnical Commission
  • eCl@ss, a global and ISO/IEC-conform system for classification and description of products and services, maintained by the non-governmental eCl@ss e.V. association

See also

  • Industry classification

Notes

  1. ^ "Product Classification: Categorization & Classifying of Products".
  2. ^ CPA 1996 - Statistical classification of products by activity in the European Economic Community // Eurostat
  3. ^ Statistical classification of products by activity in the European Economic Community, 2008 version
  4. ^ Statistical Classification of Products by Activity, Version 2.1

References

  • CPA 2.1 at the Eurostat website
  • United Nations Statistical Commission, "International Family of Economic and Social Classifications", p. 5 PDF


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