SIC Code 87420000


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Description of SIC Classification 87420000
Management Consulting Services.
This Classification is out of Major Group 87: Engineering, Accounting, Research, Management, and Related Services.
and part of Industry Group 8742: Management and Public Relations Services
Major SIC Group 8742 covers all subgroups as well, for example 87420000 through to 87429999
Establishments primarily engaged in furnishing operating counsel and assistance to managements of private, nonprofit, and public organizations. These establishments generally perform a variety of activities, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; information systems planning, evaluation and selection; human resource policies and practices planning; and production scheduling and control planning. These establishments are characterized by the breadth and scope of the problems they address.
Administrative management consultants; General management consultants; Human resource consultants; Management engineering consultants; Management information systems consultants; Manufacturing management consultants; Marketing consultants; Operations research consultants; Personnel management consultants, except employment service; Physical distribution consultants; Site location consultants.

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SIC Codes are Standard Industry Classification codes, which allow you to pinpoint the exact line of business or industry you wish to target. SIC Codes can be 2, 4, or 8-digits, depending on your specific requirements. The classification covers all economic activities. The SIC Code system was replaced in 1997 by NAICS CODES; however, most people still refer to this numbering system as "SIC Codes".

In Canada, the United States and Mexico, SIC Codes were replaced by NAICS CODES. NAICS and SIC codes are similar in concept, but the newer NAICS codes contain 6 digits, and cover a much wider variety of industries, technologies, products and services, than the older SIC code system. NAICS identifies hundreds of new, emerging, and advanced technology industries.

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