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NAICS Code 812990-07 Description (8-Digit)

Buyers Service is a subdivision of the NAICS Code 812990 that involves providing assistance to individuals or businesses in purchasing goods or services. This industry is focused on helping clients make informed decisions by providing them with relevant information about the products or services they are interested in. Buyers Service professionals work closely with clients to understand their needs and preferences, and then use their expertise to identify the best options available in the market.

Hierarchy Navigation for NAICS Code 812990-07

Parent Code (less specific)

Tools

Tools commonly used in the Buyers Service industry for day-to-day tasks and operations.

  • Market research tools
  • Price comparison tools
  • Product review websites
  • Online shopping platforms
  • Inventory management software
  • Customer relationship management (CRM) software
  • Data analytics tools
  • Social media monitoring tools
  • Email marketing software
  • Contract management software

Industry Examples of Buyers Service

Common products and services typical of NAICS Code 812990-07, illustrating the main business activities and contributions to the market.

  • Homebuyers Service
  • Car Buyers Service
  • Art Buyers Service
  • Real Estate Buyers Service
  • Technology Buyers Service
  • Fashion Buyers Service
  • Food Buyers Service
  • Travel Buyers Service
  • Furniture Buyers Service
  • Beauty Buyers Service

Certifications, Compliance and Licenses for NAICS Code 812990-07 - Buyers Service

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Certified Professional Purchasing Manager (CPPM): This certification is offered by the American Purchasing Society and is designed for professionals who are responsible for purchasing goods and services for their organization. The certification covers topics such as purchasing management, contract administration, and supplier management.
  • Certified Professional In Supply Management (CPSM): This certification is offered by the Institute for Supply Management and is designed for professionals who are responsible for supply chain management. The certification covers topics such as supplier relationship management, risk management, and logistics.
  • Certified Purchasing Professional (CPP): This certification is offered by the American Purchasing Society and is designed for professionals who are responsible for purchasing goods and services for their organization. The certification covers topics such as purchasing process, negotiation, and contract management.
  • Certified Supply Chain Professional (CSCP): This certification is offered by APICS and is designed for professionals who are responsible for supply chain management. The certification covers topics such as demand planning, inventory management, and supply chain strategy.
  • Certified In Production and Inventory Management (CPIM): This certification is offered by APICS and is designed for professionals who are responsible for production and inventory management. The certification covers topics such as inventory management, material requirements planning, and capacity planning.

History

A concise historical narrative of NAICS Code 812990-07 covering global milestones and recent developments within the United States.

  • The "Buyers Service" industry has a long history dating back to the early 20th century when personal shopping services were first introduced. These services were initially offered to wealthy clients who needed assistance with their shopping needs. Over time, the industry expanded to include a wider range of services such as home buying, car buying, and even corporate procurement. In recent years, the industry has seen significant growth due to the rise of e-commerce and the increasing demand for personalized shopping experiences. In the United States, the industry has become more competitive with the emergence of online marketplaces and the increasing popularity of subscription-based services.

Future Outlook for Buyers Service

The anticipated future trajectory of the NAICS 812990-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Buyers Service industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for personalized services. The industry is also expected to benefit from the growing trend of online shopping, as more consumers are seeking assistance with their purchases. Additionally, the industry is expected to benefit from the aging population, as older consumers are more likely to require assistance with their shopping needs. However, the industry may face challenges from the increasing competition from online retailers and the growing trend of self-service options. Overall, the industry is expected to continue to grow in the coming years, driven by the increasing demand for personalized services and the growing trend of online shopping.

Industry Innovations for NAICS Code 812990-07

Recent groundbreaking advancements and milestones in the Buyers Service industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Shopping Assistance: Buyers Service companies are now offering virtual shopping assistance to their clients. This service allows clients to receive personalized shopping assistance from the comfort of their own homes.
  • Personalized Styling Services: Buyers Service companies are now offering personalized styling services to their clients. These services allow clients to receive personalized fashion advice and styling tips.
  • Personal Shopping Apps: Buyers Service companies are now offering personal shopping apps to their clients. These apps allow clients to receive personalized shopping recommendations based on their preferences and shopping history.
  • Same-Day Delivery: Buyers Service companies are now offering same-day delivery services to their clients. This service allows clients to receive their purchases on the same day they are ordered.
  • Personalized Gift Services: Buyers Service companies are now offering personalized gift services to their clients. These services allow clients to receive personalized gift recommendations and assistance with gift wrapping and delivery.

NAICS Code 812990-07 - Buyers Service

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