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 ?
Of executives whose companies outsource, 40 percent say their company has outsourced for 10 or more years.
Figure 1: CALA outsourced agent positions, 2005 - 2010
42% of all respondents and 33% of Best-in-Class companies don't believe they have the right IT skills or number of staff to manage their outsourced environments.
According to a 2002 study by FMLink, an online publication for facilities and building managers, 72 percent of the nation's businesses in general outsourced custodial and housekeeping, 65 percent farmed out design and architecture, 63 percent hired others to do landscape maintenance, 51 percent said good-bye to in-house security, 50 percent contracted for preventive maintenance, and 45 percent of utilities maintenance was handled by outsiders.
AICPA ethics rules say members are responsible for all work outsourced to a third party, and CPAs must inform the client, preferably in writing, before disclosing confidential client information to an outsource provider or independent contractor.
Sainsbury's outsourced responsibility for all of its systems.
Investment banker Merrill Lynch predicts India's share of spending on global outsourced IT services will increase to 6% this year from 3% last year.
The big deal is that those who decided to outsource bits and pieces of their tax fiefdoms are now finding themselves outsourced by upper management.
We are proud to have pioneered and led the growth of the outsourced workforce health industry over the last 30 years.
8 percent of the typical business' operation was outsourced 2001.
Transactional HR functions are most often outsourced today, but there is a movement toward outsourcing strategic HR functions.
Application development for specific types of applications is already being outsourced.