| BUSINESS PROCESS OUTSOURCING (BPO) |
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| Outsourcing has become an extensive part of the North American business culture. All the Knowledge Based Functions including the IT and Non-IT, which require some intellectual capital and resources are considered to be ideal candidates for outsourcing. Some of the world's largest companies such as Microsoft, IBM, General Electric, to name a few, are now using outsourcing both on and offshore. As the name indicates, it involves outsourcing various business processes which include research, development and day-to-day operational functions. |
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| Today, organizations worldwide are turning to external suppliers for outsourcing almost everything from payroll processing to facility management, In order to obtain quality management at reduced costs. |
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| Offshore outsourcing has become readily available due to: |
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Bandwidth Connectivity at very affordable costs. |
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Advanced Internet technology. |
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| There are numerous reasons that companies outsource, some of which are: |
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Substantial cost savings. |
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Better expansion of capabilities and resources. |
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Better accessibility of the top professionals. |
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Better quality management. |
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Freeing up capital to implement strategic projects. |
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