In business, outsourcing involves the contracting out of a business process to another party (compare business process outsourcing). The concept "outsourcing" came from American Glossary 'outside resourcing' and it dates back to at least 1981.
Outsourcing sometimes involves transferring employees and assets from one firm to another, but not always.
Outsourcing is also the practice of handing over control of public services to for-profit corporations.
Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to another country). Financial savings from lower international labor rates can provide a major motivation for outsourcing or offshoring.
The opposite of outsourcing, insourcing, entails bringing processes handled by third-party firms in-house, and is sometimes accomplished via vertical integration. However, a business can provide a contract service to another business without necessarily insourcing that business process.
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments of its supply chain.
BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighbouring (or nearby) country is called nearshore outsourcing.
Putting a tariff or tax on outsourcing and applying a portion of those funds to drive more math and science into our schools, could be a win/win for America's future ... .
(MENAFN - ACCESSWIRE) NEW YORKCITY, NEW YORK / ACCESSNewswire / April 14, 2025 / The U.S. healthcare outsourcing market is experiencing explosive growth, with total market value expected to ... .
Companies outsource IT data, systems and applications to third-party cloud service providers (CSPs) ... outsourcing cloud services against the data security risk their organizations are willing to assume.
Accprdomg to sources, the total value of orders received by BHEL for boilers to erect thermal power plants and others has crossed ₹1.80 lakh crore at the national-level ....
AIDEC Digital, a subsidiary of the AIDEC Group of Companies, has officially launched its state-of-the-art Business Process Outsourcing (BPO) centre in Accra, marking a significant milestone in Ghana’s digital transformation journey.
With the Integrated Bus Terminus (IBT) in Panjapur set to be commissioned by the chief minister on May 9, Trichy corporation on Friday passed a resolution to outsource its operation and maintenance for 15 years.
Participating in the discussion on issuing NoC to the Revenue department for providing patta to poor people living on puramboke lands for several years, Mr. Jawahar said it was a welcome move ....
) Commentary Migrations... Outsourcing migration management ... The UK's interest in return hubs aligns with a broader European trend of outsourcing migration management to third countries, rather than expanding safe and legal pathways for asylum seekers.