Originally published: June 2011
Sorting Out the Sorting Systems
When we received an inquiry from a potential foreign client requesting our ISIC number, I was stumped. I've recorded SIC and NAICS classification codes – but ISIC was a new one on me.
I did some research and discovered there are actually four national, multi-national and global industrial classification systems that finance and credit managers should be aware of. Here's a summary of each of them. There are also some links at the end of the article for those of you who want to dig deeper.