Business Process Outsourcing

« Back to Dictionary Main | Browse other BUSINESS terms »

BPO. The contracting out of a particular business function to an outside company in order to reduce costs. An example of BPO would be a manufacturing company outsourcing its accounting work to an outside accounting firm, or a telecommunications firm using an outside company to handle customer service.

This Glossary is provided by www.InvestorWords.com
Copyright©1997-2007 by WebFinance Inc. All Rights Reserved.