Creating classes and codes

Inventory classes can be used as selection criteria for these purposes:

• On selected inventory reports
• In item search
• In replenishment
• In physical inventory

Classes limit the purchasing power of a buyer and identify the items that can be ordered in Requisitions.

Item and Order Billing users must assign a major sales class to each item for accounting purposes.

Use personal protective equipment (PPE) classes to further define inventory items in Item Master.

Freight Class

Select a freight class. Freight classes are used to group items for its Bill of Lading processing.

ICN Code

Select an Intrastat Classification Nomenclature code. The Harmonized System of classification codes is designed to identify items for international trade.

Hazard Code

Hazard codes describe items that are potentially dangerous. Their descriptions are printed on the receiving document and the Inventory Intransit Shipping report.

Local Code

Specify a local code.

Commodity Code

Select a commodity code to assign to the item. Commodity codes help to analyze spending. They are used to classify products and services and help create reports that reflect spending patterns. The commodity code is used on the requisition and purchase order lines.

UNSPSC Code

The UNSPSC Code is a standard product classification scheme used in the U.S. only.

Purchase Taxable

Select whether the item is taxable or exempt when purchased. If this field is blank, then the default value is defined on the purchase order.

Purchase Tax Code

Select a tax code if the item is taxable. This field indicates the tax table from which to extract tax data.

Product Tax Category

Product Tax Category is used by Billing to determine tax rate by product. Third-party tax systems use the category to tax an item in one state but not another.

Special Handling Code

Select a special handling code.