Product Classification

The process of organizing products into categories that are easily searchable and navigable.

What is Product Classification?

Product classification is the process of categorizing goods and services based on various criteria such as their function, characteristics, and intended use. It helps in organizing products into groups for better management, marketing, and regulatory purposes. By classifying products, businesses can identify similarities and differences among items, which allows for more efficient inventory management, pricing strategies, and target marketing efforts. Additionally, product classification aids in standardizing labeling, packaging, and safety requirements for different types of products. It plays a crucial role in international trade by facilitating the classification of goods for customs purposes and determining applicable tariffs and trade agreements. Overall, product classification is essential for businesses to streamline operations, improve customer satisfaction, ensure compliance with regulations, and enhance overall competitiveness in the market.