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The United Nations Standard Products and Services Code (UNSPSC) is an open, global, multi-sector standard for efficient, accurate classification of products and services use in eCommerce. It is a four-level hierarchy coded as an eight-digit number, with an optional fifth level adding two more digits. More information about UNSPSC can be found at https://www.unspsc.org/.
Classification is a form of cataloging or identifying things and can be defined as a process of grouping things into categories based on an understanding of the essential properties and relationships between things. There are many kinds of classification schemas spanning all types of data.
A commodity code is a standard system of numbers that are used to identify the goods and services that are being purchased. Using standardized codes enables the State to determine the level of spend in various categorizes.