Outsourcing

usgb/ˈaʊtsɔːrsɪŋ/
noun

The act of getting another company or other people to do some of your business's work, rather than doing it within your own company.

To cut down on costs, the company decided to start outsourcing its customer service department.
Visual representation of "outsourcing" - The act of getting another company or other people to do some of your business's work, rather than doing it within your own company

Often appears as...

  • outsource production
  • outsource jobs

Usage tips

Business

Definition 1 of 2
Visual representation of "outsourcing"
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Cost Motivation

Outsourcing is often motivated by the desire to save on costs like labor and manufacturing.

Illustration for Cost Motivation
To remain competitive, manufacturers often consider outsourcing to regions with lower wages.
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Global Trend

Outsourcing is a global trend, allowing companies to tap into skills and economic advantages overseas.

Illustration for Global Trend
The consultant recommended outsourcing our IT needs to a specialized firm in Eastern Europe.
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Expertise Access

Companies outsource to gain access to expertise not available internally.

Illustration for Expertise Access
Our small firm outsourced legal work to avoid the cost of a full-time lawyer.
Visual representation of the word "Outsourcing"

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