Knowledge process outsourcing

Hey there kiddo! Have you ever heard of knowledge process outsourcing? It's kind of like a grown-up version of homework help.

So, let's say a big company needs some special knowledge or skills to help them with their work. They might not have anyone in their own company who has that knowledge, so they might look for someone else to help them.

That's where knowledge process outsourcing comes in. Instead of hiring a new employee or trying to train someone in their company, they might hire another company to help them out.

This other company has people who are experts in that knowledge or skill, and they can help the big company with its work. They might do things like research, analysis, or other special tasks to help the company get ahead.

It's kind of like asking a really smart friend to help you with your homework, but on a much bigger scale.

Does that help you understand what knowledge process outsourcing is?