The process of collaborating with outside providers for various corporate operations is known as business process outsourcing, or BPO. The entire chosen business process is administered and managed by the third-party vendor. Because it requires experience and creative thinking, outsourcing has become a standard practice for both large corporations and start-ups. BPO initially began managing supply chain management for big manufacturing companies. However, the BPO sector has expanded and now encompasses a number of industries, including IT, banking, real estate, telecom, and healthcare.
