outsourcing

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outsourcing

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

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.
References in periodicals archive ?
about their outsourced dining facilities, then get out a calculator and follow along: "Now we have a real food plan--before we just had a food service.
Cohen's 95-partner regional firm outsourced a few hundred tax returns to India in 2003 and 2004 but stopped because they didn't see it as terribly efficient.
Universal Leven, a Dutch insurance company established in 1997, didn't bother to build back-office capabilities--it merely outsourced them and focused management attention on market-facing, strategic activities.
RGA Technology Partners has outsourced some application development of noncore components and client-system integration of its software product, Automated Underwriting and Risk Analysis, to an offshore Indian firm.
Today's debate over outsourcing overlooks the reality that even large companies have outsourced part of their tax function, i.
Locate, design and build services are the customer contact functions most often outsourced today, while CRM applications are fourth, behind outbound telemarketing and inbound customer contact.
As a consequence, they stand a good chance of being outsourced.
Hewitt's research shows that companies that have already outsourced HR activities are satisfied with their outsourcing arrangement and are realizing the benefits they hoped to gain.
With regard to the notable outsourced R&D developments in the electronics industry, the R&D center of Nortel situated in Guangzhou, China has carried out a demonstration of what is viewed as a breakthrough in wireless networks technology.