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A center for art outsourcing is Dafen Village in Shenzhen, well known for production of imitations of masterworks, but also home to artists who are commissioned to execute original works. [8] At the high end of the art world, outsourcing to China is practice by Kehinde Wiley, an American portrait painter, who opened a studio in Beijing in 2006 ...
Outsourcing is a business practice in which companies use external providers to carry out business processes, that would otherwise be handled internally. [ 1 ] [ 2 ] [ 3 ] Outsourcing sometimes involves transferring employees and assets from one firm to another.
Business Organization and Management: Text and Cases. Pearson India. ISBN 9788131754498. Mehrotra, Nitin (2005). Business Process Outsourcing — The Indian Experience. ICFAI books. ISBN 978-81-7881-576-3. Sornarajah, Muthucumaraswamy; Wang, Jiangyu (2010). China, India and the International Economic Order. Cambridge University Press.
Business Process Outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a second-party service provider. Originally, this was associated with manufacturing firms, such as Coca-Cola that outsourced large segments of its supply chain .
Common examples of globally sourced products or services include labor-intensive manufactured products produced using low-cost Chinese labor, call centers staffed with low-cost English speaking workers in the Philippines, India and Pakistan, and IT work performed by low-cost programmers in India, Pakistan and Eastern Europe.
Business process outsourcing (BPO) involves contracting out operational functions to a third-party service provider. Offshore Software development; Knowledge Process Outsourcing (KPO) is a type of outsourcing that involves or requires more advanced technical skills and a higher level of expertise.
Procurement outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies.
The BPO outsourcing contract for managing software application and computer networks for Airtel is now estimated to be worth over $2.5 billion. [7] The two present good examples of on-demand outsourcing. Both business organizations benefited by acquiring the necessary equipment and labour from the partner company.