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How AI Can Transform the BPO Industry in 2024?

Offshore India Data Entry

It’s also reshaping the future of offshore BPO companies, particularly in India, a major player in the global BPO Industry. In this article, we will discuss how AI is transforming the BPO industry, the impact it’s having on BPO companies, and the future of offshore BPO in the context of AI integration.

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Role of Data Mining in Market Research Companies

Offshore India Data Entry

The source of a competitive edge. Data has become a new source of currency that dictates patterns and makes or breaks a company because most organizations have a large digital presence. You will also use this information to schedule your sales based on those priorities, as well as plan your downtime policy and inventory management.

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11 Cost Reduction Strategies in Procurement

Obobo

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

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The Rise of Global Business Services: The Future of Shared Services

Zinnov

While Shared Services and third-party ISVs were transforming the global services landscape, they also set the stage for a new player: offshore centers established directly by the organizations. In the past, separate departments handled procurement, production, and inventory management. Take, for example, a manufacturing company.

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The Glossary of Outsourcing Jargon by Premier BPO

Premier BPO

Co-Sourcing. Offshoring. Also called Third Party Logistics; allows an organization to outsource logistics-related services to other companies that require services like Inventory management, warehousing, delivery, order fulfillment, freight forwarding, FTL, and LTL shipping, etc. Build, Operate, Transfer (BOT).

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