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Outsourcing & offshoring

The process of contracting a business function to a third party, or to a supplier outside the home nation of the original business.

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Outsourcing & offshoring > Business process outsourcing (BPO)

knowledge process outsourcing (KPO)

Outsourcing & offshoring; Business process outsourcing (BPO)

A form of outsourcing wherein knowledge-related tasks are done by highly skilled workers in another company.

service level

Outsourcing & offshoring; Business process outsourcing (BPO)

Pertains to the level of performance or extent to which the service provider satisfies the buyer's requirements.

last-in, first-out (LIFO)

Outsourcing & offshoring; Business process outsourcing (BPO)

A rule that applies to the sale of part of a group of similar items in an inventory that assumes the last ones acquired were the first ones sold. This is important if the items ...

help system

Outsourcing & offshoring; Business process outsourcing (BPO)

A documentation component of a software program that explains the features of the program and helps the user understand its capabilities.

backup

Outsourcing & offshoring; Business process outsourcing (BPO)

A copy taken of a file in order to insure recoverability of that file in case of a later update failure or data loss. The copy provides an accurate file representation if a ...

direct deposit

Outsourcing & offshoring; Business process outsourcing (BPO)

The electronic transfer of payments to any bank in the U. S. which is a member of an automated clearing house. (See ACH)

business process

Outsourcing & offshoring; Business process outsourcing (BPO)

Refers to a set of structured tasks done to meet a specific company goal.