Systems and methods for automated harmonized system (HS) code assignment

An automated Harmonized System (HS) code assignment method, the method comprising:

• storing, via a computer-readable medium including a database, a plurality of HS codes and information associated with a plurality of items, each of the plurality of items assigned at least one HS code from the plurality of HS code;
• receiving, via a computing system, a first input associated with a new item;
• retrieving information associated with one or more items of the plurality of items from the database by the computing system based on the first input;
• comparing, via the computing system, the input associated with the new item to the information associated with the one or more items;
• identifying, via the computing system, at least one item of the one or more items based on the comparison of the first input associated with the new item to the information associated with the one or more items;
• executing, via the computing system, a gap analysis to determine differences between the at least one item and the new item;
• calculating, via the computing system, a percentage representing an amount of similarity between the new item and the at least one item in response to executing the gap analysis;
• in response to determining the percentage is greater than a first threshold amount, calculating a difference between a value associated with the new item and a value associated with the at least one item;
• determining whether the difference between a value associated with the new item and a value associated with the at least one items is greater than a second threshold amount;
• in response to determining the difference between a value associated with the new item and a value associated with the at least one items is greater than a second threshold amount, failing to match the new item to the at least one item;
• in response to determining the difference between a value associated with the new item and a value associated with the at least one items is less than a second threshold amount, retrieving a HS code assigned to the at least one item from the database by the computing system in response to determining the percentage is greater than a threshold amount;
• and
• assigning, via the computing system, a HS code from the plurality of HS codes to the new item based on the retrieved HS code assigned to the at least one item.