NAICS (North American Industry Classification System) codes, pronounced “Nakes”, are codes assigned to specific business establishments based on their industry and capabilities. NAICS codes were created in 1997 by the US Census Bureau as a way to consistently classify business across industries.
It’s important to know that NAICS codes are self-assigned meaning that the federal government does not choose a NAICS code for your business. Instead, businesses self-assign based on their own business capabilities. NAICS codes are often used in the government procurement process to help private businesses identify government opportunities efficiently. This practice can be seen by visiting SAM.gov where you’ll find a laundry list of government opportunities. You can easily filter this list by searching for a specific NAICS code that aligns with your business's capabilities.
If you’d like to learn more about how the US Government’s IT supply chain operates, drop us a line at info@govly.com or follow our LinkedIn page.
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