In a nutshell, business process outsourcing (BPO) simply means you hire people outside your company to fulfill tasks that used to be performed by your own employees. Often, it is more cost-effective to work with a third party provider than to hire an in-house team or full-time employees.
While BPO has been a buzzword for quite some time now, it’s can still be a challenge to determine exactly which processes you should outsource and which ones are better left within your organization.
When to Outsource It
What tasks are ideal for business process outsourcing? Often, these jobs are ones which can be done more efficiently or less expensive elsewhere. For instance, an outsourced customer call center service is a much better option than hiring an in-house team for customer service.