NAICS Code 812990-49 - Purchasing Service

Marketing Level - NAICS 8-Digit

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NAICS CODE 812990-49
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NAICS Code 812990-49 Description (8-Digit)

Purchasing service is a type of personal service that involves the procurement of goods and services on behalf of clients. This industry is focused on providing clients with a range of purchasing services, including sourcing, negotiating, and purchasing goods and services. Purchasing services can be used by individuals or businesses that require assistance with purchasing goods and services for their personal or professional needs. The purchasing service industry is highly competitive and requires a deep understanding of the market, as well as strong negotiation skills.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 812990 page

Tools

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

  • Procurement software
  • Contract management software
  • Spend analysis software
  • Supplier management software
  • E-procurement software
  • Request for proposal (RFP) software
  • Purchase order software
  • Inventory management software
  • Supplier relationship management software
  • Electronic data interchange (EDI) software

Industry Examples of Purchasing Service

Common products and services typical of NAICS Code 812990-49, illustrating the main business activities and contributions to the market.

  • Office supplies purchasing service
  • IT equipment purchasing service
  • Raw materials purchasing service
  • Food and beverage purchasing service
  • Furniture purchasing service
  • Marketing materials purchasing service
  • Construction materials purchasing service
  • Medical supplies purchasing service
  • Travel booking purchasing service
  • Event planning purchasing service

History

A concise historical narrative of NAICS Code 812990-49 covering global milestones and recent developments within the United States.

  • The "Purchasing Service" industry has a long history dating back to the early 1900s when companies started outsourcing their procurement needs to third-party providers. The industry saw significant growth during World War II when the US government contracted purchasing services to private companies to support the war effort. In the 1960s, the industry saw a shift towards more specialized services, such as procurement consulting and strategic sourcing. In recent years, the industry has been impacted by the rise of e-commerce and digital procurement platforms, which have disrupted traditional purchasing models. In the United States, the industry has seen steady growth over the past decade, driven by increased demand for procurement outsourcing services from both public and private sector organizations. Notable advancements in the industry include the development of AI-powered procurement tools and the integration of blockchain technology to improve supply chain transparency and efficiency.