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 ?
For this study, we surveyed a group of heavy outsourcers, making them well-qualified to give insight on their experiences using different outsourcing models, including Tactical or Transactional Outsourcing, use of Preferred Providers, and Strategic Partnerships.
He said there was no information on the number of jobs created in other countries as a result of outsourcing of services because it was not obligatory for business entities to report on outsourced services.
Insurance providers are also required to continuously monitor the business process outsourcing (BPO) provider in the performance of the outsourced activities and are expected to ensure continuity of business operations if the outsourced BPO provider can not perform the outsourced activities.
Part B highlights some of the key risks and evolving trends associated with outsourcing and invites feedback and discussion on these matters.
The stated objective of the Outsourcing Rules is to provide guidance to banks on how to arrange outsourcing, while remaining compliant with the obligations under their banking licences.
The outsourcing sector is among the fastest-growing sectors in the UAE with a compound annual growth rate (CAGR) of 11.2 percent, according to the 'UAE Outsourcing Market Outlook 2016-2020', a report by International Data Corporation (IDC).
SBP earlier introduced the Guidelines on Outsourcing Arrangements for banks/DFIs in 2007.
APQC's data indicates that organizations outsourcing the management of warehouses and distribution centers to any degree spend slightly more on these functions than their counterparts that do not outsource.
* Analytical testing of bioassays (92% outsourcing to some degree this year, up from 86% last year (1) and maintaining the top spot);
Conclusion: The difference between the results obtained from the matrix and managers' viewpoint can be due to the lack of managers' sufficient attention to the features of hospital services when making decisions on outsourcing them.
The Global Outsourcing 100[R] list rankings are based on applications received and evaluated by an independent judging panel organized by IAOP[R], which in 2014 is led by IAOP[R] chief advisor of thought leadership, IAOP[R], JagdishDalal, COP and president of JDalalAssociates, LLC.