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outsourcing
(redirected from outsource)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson 0.01 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.

(2) Contracting with organizations outside your country for work that could otherwise be done by employees within your company. Contrast with insourcing.


(business)outsourcing - Paying another company to provide services which a company might otherwise have employed its own staff to perform, e.g. software development.


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More accountants are choosing to outsource payroll and other time-consuming services in order to expand their practice, especially into business advisory services, which command higher fees and generate bigger profits.
Outsource any process that does not generate income or help your organization increase its market share.
While not directly responsible for any foreign outsourcing, Outsource Testing has in fact benefited from the trend.
 
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