Global Classification Software

Using Integration Point Global Classification, companies can collect, store, manage and track all classification data in an easily accessible web-based database.

Resources

Global Classification, or product classification, is the ability to collect, store, track and manage all classification data in one platform. A classification system typically contains all the classification data needed by a company to import and export products to various countries.

Classification data can be any of the following, plus any company-specific data that is needed to correctly identify, track and report any product that is imported or exported.

Harmonized Schedule (HS and HTS numbers)
Special tariff preference programs
Product descriptions and pictures
Schematics
Material Safety Data Sheets (MSDS)
Toxic Substance Control Act (TSCA) documentation for US companies
Country of Origin credentials
Value Information

There are many reasons why a company may want to institute a global platform for product classifications. From centralizing data to managing trade preference programs, utilizing a global classification platform allows a company to establish standards to reduce data management issues and enhance communication to all trading partners regardless of language.

Seven basic reasons a company would want to implement a global classification program are:

Centralize product databases
Increase visibility
Improve compliance across the supply chain
Minimize risks and/or delays in the supply chain
Share classification data to maximize compliance in other trade areas
Demonstrate reasonable care
Manage trade preference programs applicability

For a further explanation of these seven points, download the tip sheet — 7 Seven Reasons Why Organizations Need a Global Classification Platform.

A centralized classification platform can also assist companies with improving entry audit, reducing errors on ISF or 10+2 entries, and determining product eligibility for various free trade agreements.