Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / abhishek shrivastava
Business process outsourcing (BPO) is the act of giving a
third-party the responsibility of running what would
otherwise be an internal system or service. For instance,
an insurance company might outsource their claims
processing program or a bank might outsource their loan
processing system. Other common examples of BPO are call
centres and payroll outsourcing.
Typically, companies that are looking at business process
outsourcing are hoping to achieve cost savings by handing
the work to a third-party that can take advantage of
economies of scale by doing the same work for many
companies. Or perhaps the cost savings can be achieved
because labor costs are lower due to different costs of
living in different countries.
In exchange for the potential cost savings, the company in
question must relinquish control over an aspect of their
business which explains why business process outsourcing is
often reserved for non-critical, non-core type of work.
| Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
What is backend?
Tell me something about your college and your course why do you choose that?
What factors you should consider while creating a newsletter for a customer?
sorry ******* u have been rejected as vacancy is full? then u ask for ur resume dan he/she says dat i keep it wid me if deris some vacancy i will let u know ?
How can you get responsive customer feedback?
How do you ensure that your departments goals are in line with the overall company goals?
How do adopt to change?
How do you tackle a customer ? Explain from your experience and what have learnt from that ?
What are the skills needed for a BPO back-office job?
What will be the Salary of a fresher in Dell company for non-voice process?
Tell us something about yourself, discuss 5 characteristics
Why do you see bpo as your career? : bpo
u having experience of more than 2 yeras in marketing so why u want to join bpo?
What you would like to wear traditional or western ?
What are the disciplinary actions as a Team Leader you will take if you come across a female employee who is sexually abused ?
