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.
This article is provided by FOLDOC - Free Online Dictionary of Computing (foldoc.org)

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.
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References in periodicals archive ?
Although outsourcing in North America now represents 40 percent of all global outsourcing, this is down markedly from more than 60 percent in 1997, and will continue to drop as European and Asian companies outsource more aggressively.
The customer service area, which is responsible for a variety of duties, is more difficult to outsource than other servicing functions.
Simply stated, if the outsource provider achieves the desired outcomes (results), it receives a bonus.
Lastly, while considering where to outsource, one must consider the geopolitical stability of the environment.
This is why many companies have come to outsource some or all aspects of small dollar receivables: they are costly to handle for the return they provide, and because collection staffs are stretched thin, small dollar receivables are often not handled efficiently.
"Dubai Outsource City is home to around 140 companies operating in the sector that serve the UAE and the wider region.
The data indicates that, not surprisingly, outsourcing organizations spend slightly more on warehousing than organizations that do not outsource. Outsourcing, however, is no guarantee of superior performance in other aspects of warehousing and distribution.
Similarly, the results of studies of Iran researchers group in 2003, conducted to investigate the overall conditions of outsourcing services in the universities of medical sciences, indicated the managers' high propensity to outsource support and logistic services because of their relative simplicity and the large number of contractors for providing these services.1 A study in Texas found that the nutrition services had been outsourced to the private sector more than other services.
Outsourcing of bioassay testing, not unexpectedly, tops the list with 4 in 10 respondents indicating they will outsource at "significantly higher levels" over the next 24 months.
Once top management have decided what functions to outsource they typically delegate the commitment to their middle management to manage and administer the outsourcing activities since they believe that their employees have the capability and functional knowledge in making it a success.
And you never get it back." Even when the intent is not to outsource innovation itself, American companies are discovering that outsourcing the work means outsourcing the learning.
He argues that the viable option to improve the transportation performance of a company is to outsource it to a service provider who is specialist in that specific field.