What is Outsourcing?

[taxiongo]

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

[itznehamali]

Outsourcing is the process of hiring third parties to conduct services that were typically performed by the company. Often, outsourcing is used so that a company can focus on its core operations.

[saritamagazine]

Outsourcing is the business practice of hiring a party outside a company to provide services or manufacture services or goods that are traditionally performed by in-house employees. Outsourcing is a practice companies often employ as a cost-cutting measure.

[jenniferjennife]

Outsourcing is where a company hires an external firm to conduct certain aspects of its business. In other words, one business hires another to operate part of its operations. For example, Apple outsources the majority of its production to Foxconn which assembles many of its products such as the iPhone.

[maxlift]

Thanks for sharing useful information.