What do you understand by BPO?

Question

Accepted Answer

BPO stands for Business Process Outsourcing. It refers to the practice of contracting specific business processes to a third-party service provider.

BPO involves outsourcing non-core business functions to external vendors.
It helps companies focus on their core competencies and reduce costs.
Common BPO services include customer support, technical support, data entry, and back-office operations.
BPO can be onshore (within the same country), nearshore (in neighboring countries), or offshore (in a different country).
Examples of BPO companies include Accenture, IBM, and Genpact.

Accepted Answer

business process outsourcing (BPO) is the transfer of one or more IT-intensive company processes to a third party, who then owns, administers, and maintains the chosen processes in accordance with predetermined and quantifiable performance goals.

Accepted Answer

BPO stands for 'Business Process Outsourcing'. Its a chain between 2 companies wherein one company outsources their process to other company.

What do you understand by BPO?

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