What does BPO stand for? What does it mean?
BPO stands for Business Process Outsourcing. Major corporations in the US and Europe are outsourcing their back office operations to India to save costs. E.g. employee payroll is maintained in India for their employees worldwide. Although these jobs usually are not directly IT-related, their data-based orientation often means that they require IT departmental support to be successfully outsourced.• What does ITES stand for? What does it mean? ITES stands for IT-enabled services. IT-enabled outsourcing can be defined as, • Those outsourcing services that use information technology in the processing and delivery of the service. • Services are typically delivered through a telecommunications or data network, or other electronic media • What is nearshoring? The practice of sending outsourced functions of any sort, whether IT-based or business process positions, to a nearby country rather than choosing markets such as India or Malaysia that are thousands of miles away. For e.g. US nearshore
