The Instituto Nacional de Estadística y Geografía (INEGI) of Mexico, Statistics Canada, and the United States Office of Management and Budget, through its Economic Classification Policy Committee, have jointly developed North American Industry Classification System (NAICS) 2017. Normally a country’s economy is divided into Primary, Secondary and Tertiary sectors. But to make it precise and to add more details with the growth and diversity of the economic activities. NAICS, 2017 is the solution to address this complication and to provide clarity to all the stakeholders involved such as government policy analysts, academics, researchers, business community and the general public. NAICS, 2017 provides a framework for the collection and analysis of industrial information.
Fhyzics Business Consultants Private Limited, a pioneer in the design, development and deployment of Standard Operating Procedures has developed SOPs for all the sectors in alignment with NAICS, 2017. NAICS divides an economy (Tier-1) into 20 sectors (Tier-2), the sectors are divided into subsectors (Tier-3) and then the subsectors are further divided into specific industry (Tier-4). Fhyzics has developed Standard Operating Procedures for all the specific industries at Tier-4 level. The following are the 20 sectors listed under NAICS, 2017.
Sector 11. Agriculture, Forestry, Fishing and Hunting
Sector 21. Mining, Quarrying, and Oil and Gas Extraction
Sector 22. Utilities
Sector 23. Construction
Sector 31-33. Manufacturing
Sector 42. Wholesale Trade
Sector 44-45. Retail Trade
Sector 48-49. Transportation and Warehousing
Sector 51. Information
Sector 52. Finance and Insurance
Sector 53. Real Estate and Rental and Leasing
Sector 54. Professional, Scientific, and Technical Services
Sector 55. Management of Companies and Enterprises
Sector 56. Administrative and Support and Waste Management and Remediation Services
Sector 61. Educational Services
Sector 62. Health Care and Social Assistance
Sector 71. Arts, Entertainment, and Recreation
Sector 72. Accommodation and Food Services
Sector 81. Other Services (except Public Administration)
Sector 92. Public Administration
Click the respective sector to explore the subsectors and then to explore the list of SOPs for the specific industries. There is a remote chance that you may not come across your specific industry, in such case you are advised to refer the list of SOPs that closely represents your industry.
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