What is 'Knowledge Process Outsourcing - KPO'?
Knowledge process outsourcing (KPO) is the outsourcing of core, information-related business activities, meaning that knowledge and information-related work is carried out by workers in a different company or by a subsidiary of the same organization. This subsidiary may be in the same country or in an offshore location to save costs or other resources.
BREAKING DOWN 'Knowledge Process Outsourcing - KPO'
Knowledge process outsourcing (KPO) is the allocation of relatively high-level tasks, to an outside organization or a different group in a different geographic location. Examples of KPO include long-term jobs for intellectual, analytical and knowledgeable people within industries such as research and development, financial consultancy and services, business and technical analysis, and many others.
Knowledge Process Outsourcing (KPO) vs. Business Process Outsourcing (BPO)
Business Process Outsourcing (BPO) is the outsourcing of work to a third party to save money. KPO is a subset of BPO, however, KPO involves more specialized and knowledge-based work. Additionally, there are more involved and nuanced reasons that a company might engage in KPO.
Reasons for Knowledge Process Outsourcing
Companies resort to KPO when they are looking for specialized knowledge and expertise, when they have a shortage of skilled professionals, and when they have the opportunity to reduce costs by hiring skilled workers earning lower wages in another location. In other words, companies do it when they feel they can improve their value chain.
Companies are looking to take raw materials, add value to those materials through various processes, and then sell it as a final product. In order to create a competitive advantage, companies look to see how they can improve efficiency in their production process, so that they can deliver maximum value for the lowest possible total cost. Outsourcing core, information-related business activities is one way to do that.
BM Global Services is pioneer in Nepal in providing KPO services. It has pool of skilled manpower in diverse field working under a common umbrella. It maintains highest level of professional ethics including confidentiality.
Today is the need of Techno commercial people and multi-talented persons to deliver the work. BM Global Services is carrying out various KPO services for Nepalese entrepreneurs as well as for Foreign investors in Nepal in the field of market research, intellectual properties, financial management, Corporate change management, EIS and MIS, HR management, Legal services, Compliances, etc.