Outsourcing means sourcing from outside.
Outsourcing | (0)
Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. Outsourcing, in literal terms, means sourcing from outside. The decision to outsource is often made in the interest of lowering cost or making better use of time and energy costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of land, labor, capital, (information) technology and resources. The term is increasingly used to refer to sub-contracting of a set of functions or processes by one firm to another, or to a group of individuals.
Outsourcing became part ...