Outsourcing

Outsourcing means having outside vendors supply services (such as benefits management, market research, or manufacturing) that the company’s own employees previously did in-house. 

Outsourcing is the practice of one organization contracting with another organization to provide services or products of a major function or activity.

Obtaining work previously done by employees inside the companies from sources outside the company. Outsourcing, then, is acquiring an activity, service, product necessary to provide a company’s products or services from ”outside” the people or operations controlled by that acquiring company.

Outsourcing is the using outside vendors to produce goods or fulfill services and functions that were previously handled in-house or in-country.