Business Process Outsourcing (BPO) is the transfer of the operation and day to day management of a business process to an external service provider. It is the contracting out of companies' non-core, non-revenue-producing activities to specialists.
Outsourcing is a strategic management tool that involves the restructing of an organisation around what it does best - it's core competencies. Put simply, certain company functions are outsourced to those who excel at them or, in economic terms, perform them more efficiently and cost effectively.
Open Destinations provide specialist travel outsourcing to help travel and leisure providers perform their repetitive data entry and research tasks, enabling savings of up to 50% on existing costs to be made. Click to read more.