The Full form of BPO is Business Process Outsourcing. This is a way to outsource the work in big corporates. Moreover, this is the best way to expand the business while getting the projects done at a cheaper cost. Many big companies hire freelancers or freshers to get the projects done. These employees charge way less than others and save the company a big fortune. There are many ways to outsource work. However, some corporate giants hire an agency to do this job. The agency will be responsible for all the managing, scheduling, completing of the projects. This way they both can work on their business rather than working in it.
BPO is known as Business Process Outsourcing. When a company wants its non –core work to be done by any other company, they hire companies that provide them with lower prices. Many international companies are now getting involved in KPO and BPO industries because the employees charge significantly less than any other corporate.
Furthermore, There are mainly three types of BPO in the corporate world. They are namely: Onshore, Nearshore, and Offshore.
Onshore: Outsourcing within the same country
Nearshore: Outsourcing from the neighboring country
Offshore: Outtsorucing from anywhere around the world
BPO gives a company a lot of exposure too. As they are working with people around the world, it helps them make valuable relationships. The money saved by BPO can then be available for business expansion or other growth development programs. It’s a fair choice for a corporate to outsource people for their projects.
Mostly the companies outsource the following domains such as administration, research, sales, shipping and logistics, customer services, HR, IT management and services, manufacturing, marketing, etc. There are many benefits of BPO such as Financial benefits, an increase in flexibility and competition, high quality and better performance, innovations in the business process.
The two main types of services of BPO are the back office and the front office. Back-office services include internal business processes, such as billing or purchasing. Front-office services deal with contracting company’s customers such as marketing and tech support.
| Term | Full Form |
| BPO | Business Process Outsourcing |
FAQ’s
This is a way to outsource the work in big corporates. Moreover, this is the best way to expand the business while getting the projects done at a cheaper cost. Many big companies hire freelancers or freshers to get the projects done.
BPO is short form of Business Process Outsourcing.
Business Process Outsourcing is full form of BPO.
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