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Outsourcing - Wikipedia 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 The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981 at a time when industrial jobs in the
OUTSOURCE Definition Meaning - Merriam-Webster The meaning of OUTSOURCE is to procure (something, such as some goods or services needed by a business or organization) from outside sources and especially from foreign or nonunion suppliers : to contract for work, jobs, etc , to be done by outside or foreign workers
How Outsourcing Reduces Business Costs: Strategies and Examples Outsourcing is a practice where a company hires an external party to perform services or produce goods to reduce costs and improve efficiency Companies often outsource non-core business tasks to
What is outsourcing? | Definition and examples - IONOS Outsourcing is the practice of passing individual tasks, subareas, or business processes over to a third-party and thereby receiving the results from outside of your own company Services that your company was responsible for fulfilling will now be provided by a specialized service provider
The 14 Types of Outsourcing: A Guide - NetSuite Outsourcing can be divided into 14 common types, including business process outsourcing (BPO), IT outsourcing, onshore outsourcing, and offshore outsourcing