CompanyBuilder.com
Outsourcing
Dictionary Entry

Outsourcing

Outsourcing describes the act of transferring tasks, services, jobs or processes to an external workforce for a significant amount of time that were originally done in-house by the company's own employees. Companies usually do this to reduce costs. Typical areas for outsourcing vary from customer support to back office or manufacturing. Outsourced functions take place either onsite or offsite of the business.

Company Building Dictionary

Other Popular Articles