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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.
to get work done by making a contract with another company to do it, often in another country, rather than in your own company: The candidate talks about working-class issues, particularly about jobs being outsourced overseas. outsourcing. noun [ U ] us / ˈɑʊtˌsɔr·sɪŋ, -ˌsoʊr·sɪŋ /
Feb 26, 2024 · What Is Outsourcing? Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally...
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.
noun [ U ] PRODUCTION, HR, WORKPLACE uk / ˈaʊtˌsɔːsɪŋ / us. Add to word list. 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, [1] [2] or in-house. [3] . Outsourcing sometimes involves transferring employees and assets from one firm to another.
verb [ I or T ] uk / ˈaʊt.sɔːs / us / ˈaʊt.sɔːrs / If a company outsources, it pays to have part of its work done by another company: Unions are fighting a plan by the university to outsource all non-academic services. Some companies outsource to cheaper locations to cut costs. SMART Vocabulary: related words and phrases. Applying for a job.
