Inaccurately classifying products according to the World Customs Organization’s Harmonized System (HS) can lead to significant business challenges such as cross-border delays, fines and penalties. Since a product’s HS code is what determines taxes, customs duty costs, tariffs and procedures, it is essential to classify every product accurately.
Leveraging artificial intelligence (AI), E2open’s product classification system enables non-experts to quickly, easily and confidently classify goods for global trade. The system uses machine learning and natural language processing to guide users to the most precise classification, shielding them from underlying complex terminology and hierarchies that would otherwise require deep expertise to understand. Explore this solution brief to discover how you can correctly classify products of all types using complete, up-to-date trade content.