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outsourcing |
Also found in: Legal, Financial, Wikipedia, Hutchinson | 0.02 sec. |
outsourcing(1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.
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More often than not, the business case for business-process outsourcing is built almost exclusively on expense reduction through labor arbitrage. We're really all about a labor arbitrage play," said Cadforce President and Chief Executive Robert Vanech. Suppliers that fail to fully exploit the labor arbitrage of low-cost labor markets, as well as new technologies, will become the dinosaurs in this new era of high-value outsourcing," Bendor-Samuel added. |
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