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Business Process Outsourcing
Rating: 3.7 out of 5(598 ratings)
3,699 students

Business Process Outsourcing

Business Process Outsourcing is the contracting of a specific business task, such as customer service, to a third-party.
Last updated 4/2019
English
English [Auto],

What you'll learn

  • Explain What is Business Process Outsourcing
  • Explain the Need for Business Process Outsourcing
  • Describe the Drivers of the BPO Phenomenon
  • Explain the Elements to Consider to Outsource a Business Process
  • Describe the Factors to Consider for Selecting BPO Partner
  • Explain How to Thrive in Competitive BPO Market
  • Describe the Effect of BPO on the Workforce
  • Describe the Effect of Domestic Politics on BPO
  • Explain What is meant by Reverse Outsourcing
  • List the Performance Criteria of a BPO Business
  • Explain the Steps for Measuring Performance of BPO Business
  • Explain the Benefits of BPO to the Target Countries
  • Explain the Disadvantages of the BPO Phenomenon
  • Explain Relevance of Time Management in BPO Management
  • List the Tips for Efficient BPO Management

Course content

1 section16 lectures1h 2m total length
  • Introduction3:49

    Explore what business process outsourcing is and why organizations outsource back office operations, plus identify drivers, elements to outsource, partner criteria, performance measures, and time management tips.

  • Explain What is Business Process Outsourcing1:02

    Explore how business process outsourcing (BPO) shifts back-office tasks to third-party providers in Asia, delivering cost savings by handling payroll and other non-core functions.

  • Explain the Need for Business Process Outsourcing6:03

    Explain the need for BPO, highlighting cost advantages from Asian wages, 24/7 time-zone cycles, and English proficiency that support back-office and customer service operations.

  • Describe the Drivers of the BPO Phenomenon4:07

    Globalization, economics, geopolitics, and demographics drive the BPO phenomenon, leveraging an integrated global economy, wage differentials, and a youthful workforce in Asia.

  • Explain the Elements to Consider to Outsource a Business Process1:07

    Identify cost and productivity objectives, meet customer needs, and create competitive advantage by selecting the right BPO partner and applying an effective outsourcing plan.

  • Describe the Factors to Consider for Selecting BPO Partner2:43

    Identify key factors for selecting a BPO partner, including nature of process, type of market, lifecycle stage, budget, and partial versus complete outsourcing.

  • Explain How to Thrive in Competitive BPO Market5:33

    Thrive in a competitive BPO market by delivering continuous value and adapting to changing customer needs; train employees in BPO products and emphasize continuous learning while putting the customer first.

  • Describe the Effect of BPO on the Workforce2:15

    Describe how the BPO sector reshapes the workforce through high pay, Western lifestyle exposure, and night shifts with rotating schedules, highlighting health, burnout concerns, and readiness for world-class work.

  • Describe the Effect of Domestic Politics on BPO5:48

    Explore how domestic politics shape BPO and outsourcing, from protectionist debates to global financial crisis dynamics, and show how process work advances toward high-value knowledge work in India.

  • Explain What is meant by Reverse Outsourcing6:40

    Explore reverse outsourcing, the trend of Indian IT and BPO firms opening US and Europe offices to hire locals, and apply strategic management with SWOT to sustain advantage.

  • List the Performance Criteria of a BPO Business1:58

    Identify the four BPO performance criteria: customer, financial or regulatory, internal, and learning and growth. Track measures such as customer satisfaction, cycle time, and training hours.

  • Explain the Steps for Measuring Performance of BPO Business6:05

    Learn steps to measure BPO performance, set benchmarks, analyze variances, and implement corrective actions, using quantitative and qualitative indicators such as profit, costs, retention, and skills.

  • Explain the Benefits of BPO to the Target Countries2:49

    Explain how BPO boosts recipient countries through foreign exchange inflows and job creation, lifting graduates into higher value work like research and development and improving Western perceptions.

  • Explain the Disadvantages of the BPO Phenomenon5:18

    Explain the disadvantages of the BPO phenomenon, including night-shift health risks, hollow prosperity, low-value work, and rising security concerns illustrated by the HSBC Bangalore fraud case.

  • Explain Relevance of Time Management in BPO Management0:46

    Improve efficiency in BPO management by optimizing employee time. Enhance productivity, on-time delivery, profitability, and resource use through better planning and crisis prevention.

  • List the Tips for Efficient BPO Management6:44

    Identify your target market, stay updated on the latest BPO trends, budget for fixed and variable costs, secure resources and infrastructure, and deliver strong customer service and brand awareness.

Requirements

  • No prior knowledge is needed.

Description

Best suited for those organizations which face roller coaster of challenges while outsourcing the work to third-party vendors and also for third-party vendors who get work from such organizations. The course aims at educating the reader on areas like Need for Business Process Outsourcing (BPO), Drivers of the BPO Phenomenon, Elements to Consider to Outsource a Business Process, Effect of Domestic Politics on BPO, Steps for Measuring Performance of BPO Business, Disadvantages of the BPO Phenomenon, Tips for Efficient BPO Management, etc.

The introduction part describes why and how Magnacom Electronics outsourced the customer service part of business operations. The need for Business Process Outsourcing is very explained throughout the course.The important concept of Factors to Consider for Selecting BPO Partner is clearly explained with the help of a Multiple Choice Question.The real life explains about the challenges and threats that the BPO sector faces.Highly recommended for organizations planning to outsource their operations to others.

The following are a few tips for efficient BPO Management:

•Know your target market well. Find out more about the tastes and preferences to meet your clients’ expectations.

•Know what is happening around you. Keep yourself updated with the latest trends in the BPO industry. Check out various business magazines, brochures, catalogues, newspapers for the latest developments.

•Set a budget for everything including fixed as well as variable costs and try to stick to the budget as far as possible.

•Take a short term course in BPO Management to make yourself well versed with the basic concepts of BPO Business Management and so on which would help you set-up and run the BPO Business successfully.

Who this course is for:

  • Management Team
  • MBA Students
  • Managers
  • HR Department