Bpo Meaning and Definition
Bpo
Pronunciation
/ɛpiːoʊ/
Part of Speech
Noun, Acronym
Definition
A business process outsourcing (Bpo) company is a corporation that specializes in handling and managing various business processes and functions for other companies, allowing them to focus on their core competencies.
Examples
- Many companies outsource their customer service operations to Bpo providers.
- Bpo services include data entry, accounting, and human resources.
- After the merger, the new company streamlined its operations by partnering with a Bpo firm.
- The Bpo provider ensured seamless communication between departments.
- The company’s decision to outsource its IT services led to significant cost-cutting measures.
- The Bpo firm streamlined the company’s supply chain management process.
Synonyms
- KPO (Knowledge Process Outsourcing)
- IPO (Information Process Outsourcing)
- ITES (Information Technology Enabled Services)
Etymology
The term “Bpo” is derived from the phrase “Business Process Outsource,” which was coined in the 1990s to describe the practice of outsourcing business functions to external service providers.
Usage Notes
The term “Bpo” is commonly used in the context of outsourcing, particularly in the industries of finance, customer service, and technology.
Cultural References
Bpo has been featured in popular culture, such as in films and television shows that portray businesses outsourcing functions to third-party providers.
Idiomatic Expressions or Phrases
“Outsourcing” is a common phrase that is often used in conjunction with Bpo.
Related Words or Phrases
Outsourcing, Business Process Outsourcing (Bpo), Knowledge Process Outsourcing (KPO), Information Process Outsourcing (IPO), Information Technology Enabled Services (ITES)
Collocations
Bpo company, Bpo services, Bpo provider, Bpo firm, Bpo industry
Frequency of Use
Bpo is a commonly used term in modern language, particularly in the business and technological sectors.
Common Misspellings
Bipo, BiPo, BoPo, Pbo