What is BPO and why it is important for the company?

Question

Accepted Answer

BPO stands for Business Process Outsourcing. It is important for companies to outsource non-core business functions to focus on core competencies.

BPO involves contracting non-core business functions to a third-party service provider.
It helps companies to reduce costs, increase efficiency, and focus on core competencies.
Examples of BPO services include customer support, accounting, human resources, and IT services.
BPO can be onshore, nearshore, or offshore depending on the location of the service provider.
BPO industry is growing rapidly and is expected to reach $405.6 billion by 2027.

Accepted Answer

BPO is basically set up to reduce operational cost  of a company.

Accepted Answer

The full form of BPO is Business Process Outsourcing. It is nothing but it  is an organization to  contract with a 3rd party or an independent service provider with regard to its workflow activities and obligations.

Accepted Answer

Business process outsourcing enables businesses to outsource business processes that are necessary but aren't part of core operations

What is BPO and why it is important for the company?

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