For over 60 years, the National Institute of Government Procurement (NIGP) has specialized in developing, supporting, and promoting the public procurement profession.
The NIGP Commodity/Services Code was developed to better classify products and services in public procurement. The code is commonly used to classify suppliers and track data within strategic sourcing and spending analysis by state and local governments. The NIGP Code is the standard taxonomy for classifying commodities and services for 1,000 government users in 47 states, the District of Columbia, Canada, Australia and the Virgin Islands.
Periscope Holdings hold the exclusive license from the NIGP to maintain, enhance, and market the NIGP Code. Together, we offer a product that enables our customers to align business practices, eradicate waste in their procurement practices, and achieve maximum value of every dollar spent. The NIGP Code is most commonly used to classify suppliers and to track spend data for use in strategic sourcing and spending analysis.
Calculations are based on documented Periscope Holdings customer savings and research from Aberdeen.