Alpha Numeric Coding Schemes
A coding scheme which contains combinations of letters and numbers, for example, assigning codes to suppliers where the code may include part of the supplier’s name in letters, as well as some numbers. The UNSPSC scheme for coding goods and services is an example of a numerical coding system, although other numeric coding schemes are also used. See also UNSPSC.
Put the term to work
Definitions are the easy part. Talk to us about applying them in your procurement function.