3. OUTSOURCING IS THE PRACTICE OF
GETTING CERTAIN JOB FUNCTIONS DONE
OUTSIDE A COMPANY.
4. MEANING &
DEFINITION
• Outsourcing of work to some third party service provider
• BPO is a business practice in which one organization hires another
company to perform a task (process)that the hiring organization
requires to operate his own business successfully.
• A Subset of Outsourcing
6. ADVANTAGES OF
BPO
1. Cost Reduction
2. Availability of Experienced Professionals
3. Ability to Focus on Core Business
4. Excellent Employment Opportunity
5. Excellent Source of Customer Feedback