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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.
Jul 25, 2024 · Outsourcing is a practice usually undertaken by companies as a cost-cutting measure or a strategic management tool. As such, it can affect a wide range of jobs, from customer support to...
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.
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally, [1] [2] [3] Outsourcing sometimes involves transferring employees and assets from one firm to another.
OUTSOURCE meaning: 1. If a company outsources, it pays to have part of its work done by another company: 2. If a…. Learn more.
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.
Aug 23, 2024 · Outsourcing is a business practice in which services or job functions are hired out to a third party on a contract or ongoing basis.
outsource (something) to arrange for somebody outside a company to do work or provide goods for that company. We outsource all our computing work.
outsource. outsource work. outsource production. 2 meanings: (of a manufacturer) 1. to subcontract (work) to another company 2. to buy in (components for a product) rather than.... Click for more definitions.
