KPO Full Form | Full Form of KPO and BPO
KPO Full Form - Knowledge Process Outsourcing
- KPO stands for Knowledge Process Outsourcing.
- It's a type of outsourcing where knowledge and information related work of a corporation is administered by a special company within an equivalent organization or different organization to save lots of costs and resources.
- It's a subset of Business Process Outsourcing ( BPO ).
- KPO is more specialized and knowledge based as compared to BPO.
![Knowledge Process Outsourcing](https://cdn.wikitechy.com/full-form/knowledge-process-outsourcing.png)
Knowledge Process Outsourcing
Importance of KPO
- KPOs are known for his or her operational proficiency and increased value of their products and services.
- It lessens the complexities of the corporate and human resources.
- India has been the foremost preferred destination for KPO due to various favorable factors like availability of skilled and English speaking workforce, friendly government policies, cheap labour etc.
![Knowledge Process Outsourcing](https://cdn.wikitechy.com/full-form/knowledge-process-outsourcing-importance.png)
Knowledge Process Outsourcing
Types of KPO
- KPO service provides all type of research and information gathering, intellectual property, equity research, business and marketing research , training and consultancy, legal and medical services etc.
Advantages of KPO
- Reduce cost
- Utilization of experience
- Increased operational efficiency
- Availability of lot of graduates (educated workforce) at nominal costs
- Need less number of skilled employees.
- Beneficial for the economy and reduce unemployment.
- Provides flexible time management and Human Resource Management.
Disadvantages of KPO
- It is less secure.
- The character of the workers and quality of the work can't be assured.
- Complications are often created because the shortage of communication between the partners due to legal, cultural, and barrier.
- Key talent retention.