Aws4 request&x amz signedheaders=host&x amz signature=2e7f7d16199ef94a72147d0c76e9f0aa9cc555f64fdbaf80fc13457cd15ecd4d

Business Process Outsourcing

Description
Off-shoring describes the relocation by a company of its business processes like manufacturing, operations, and support processes to other countries, particularly in global production networks. Outsourcing involves the contracting of a third party to perform the necessary processes within the company. The recent development of the ability of companies to outsource suppliers outside the nation gave rise to the concept of off-shoring which not only implies foreign inputs to work domestically, but involves cross-country collaborations as well. The Off- shoring and Outsourcing (O&O) Industry is known widely as the IT- BPO (Information Technology – Business Process Outsourcing) industry. The industry is relatively new, but the dynamism it exhibits is great. Global O&O has grown to 15% in 2008, which is the third largest around the world. The same year, the industry contributes 3.6% of Philippine Gross Domestic Product (GDP) and 12.36% of exports, particularly in the export of services.

Join thousands of students who trust us

Apply now to 250+ senior high schools & colleges nationwide - it’s EASY and it’s FREE

Don't miss out

New features, exciting events, and exclusive opportunities straight to your inbox!

New features, exciting events,
and exclusive opportunities
straight to your inbox!

Count me in!