KPO FULL FORM
Full Form of KPO : Knowledge process outsourcing
What is the Full form of KPO?
No:1. The full form of KPO is Knowledge process outsourcing.
No:2. KPO defines the outsourcing of core business operations related to information that is competitively relevant or that form an essential part of the value chain of a corporation.
No:3. KPO requires advanced technological & analytical skills and a high standard of professional experience.
No:4. The main reason behind KPO includes an increase in technical knowledge and skills, added value production, cost-saving opportunities and a lack of skilled labour.
No:5. The territories that are especially prevalent in outsourcing the information process involve India, Eastern Europe & Sri Lanka notably Romania, Poland and the Baltic States.
No:6. It is a continuation of the outsourcing of business processes, but with much greater complexity of the industry.
KPO facilities cover all ways of analysis and collecting information, examples :
No:1. IPR (intellectual property research) for patent applications
No:2. Equity research, business & market analysis
No:3. Legal &medical services
No:4. Training, consulting and R&D (research and development) in areas such as biotechnology & pharmaceuticals and design & animation, etc.
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Advantages of KPO
No:1. Reduced cost
No:2. Shortage of eligible workers
No:3. Offers most graduates at quite minimal prices
No:4. KPO helps to minimize unemployment and support their economy, and high-end services are delivered at a reduced cost
No:5. Offer flexibility to time management skill and HRM.
Limitations of KPO
No:1. Safety- labelled business details can be lost
No:2. The employee ‘s integrity and the quality of his work can not be guaranteed
No:3. KPO is time-consuming, so fail to offer the client requiring instant results with a rapid fix.
No:4. Lack of coordination among partners may lead to complications due to language, legal, l& cultural barriers.
No:5. Personnel and work quality can’t be ensured
No:6. Skilled Employee shortfall
No:7. Interaction decrease because of the language gap
No:8. Lack of ability to defend the intellectual property of the organization.
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