outsourcing

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Related to Smartsourcing: outsource

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 ?
is the first derivatives documentation smartsourcing service in the MENA region and aims to become a global player for outsourced derivatives documentation negotiation, review, training and organization.
This experience, a track record of success and locations in the United States, Europe and Asia now provides our customers with SMARTSOURCING, a full range of value-added opportunities providing customers informed decision-making, enhanced efficiency and more successful outcomes at all stages of the pipeline.
"I have been fobbed off with re-engineering, outsourcing, smartsourcing, virtualization and many other buzzwords as a so-called final solution to our IT requirements only to end up talking yet again about disaster recovery.