Tag: organization of commerce and management

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

Near shore outsourcing is a kind of Business process outsourcing in which an organisation get its business processes like human resource and accounting done from neighboring countries of its country where its products and services are actually produced and manufactured.

BPO stands for Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource or accounting to any third service provider company so that company can focus mainly on its core activities. Usually BPO is implemented as a cost saving measure.

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

Offshore outsourcing is a type of business process outsourcing that involves hiring an external organisation to perform some business functions in a country other than the one where products or services are actually developed or manufactured.

The structure of outsourcing business are different and the results vary upon the different structure of the outsourcing business. 

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

Nearshore outsourcing is the one in which a company get its work outsourced from the companies of nation's neighboring countries. For example: any Indian company say, Tata getting one of its work outsourced from Nepal.

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.