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The meaning of OUTSOURCE is to procure (something, such as some goods or services needed by a business or organization) from outside sources and especially from foreign or nonunion suppliers : to contract for work, jobs, etc., to be done by outside or foreign workers.
OUTSOURCE definition: 1. If a company outsources, it pays to have part of its work done by another company: 2. If a…. Learn more.
verb (used with object) , out·sourced, out·sourc·ing. (of a company or organization) to purchase (goods) or subcontract (services) from an outside supplier or source. Compare backsource. to contract out (jobs, services, etc.): a small business that outsources bookkeeping to an accounting firm.
Feb 26, 2024 · Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house...
a situation in which a company employs another organization to do some of its work, rather than using its own employees to do it: E-commerce, globalization, and outsourcing are all changing the production and distribution of products and services.
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally, or in-house. Outsourcing sometimes involves transferring employees and assets from one firm to another.
Outsourcing is a business practice in which a company hires a third party to perform tasks, handle operations or provide services for the company.
