What is Outsourcing - Definition

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Is the management or day-to-day execution of an entire business function by a third-party service provider. Outsourced services may by provided on or off premises in the same country, or in a separate country. Outsourcing enables a company to focus on its core business rather than having to be concerned with marginal activities. (...) Read more? Sign up for free

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		What is Outsourcing? Tarek Kazma
	Outsourcing is composed of two words, "out" and "source". Out refers to away from, and source is supply. So its one of the methods that huge companies rely on when they need outside help in employment, management, development... This will actually reduce cost, focus on core business, implement new ideas from outsiders...

		Outsourcing Definition D P BABU, Strategy Consultant, India, Member
	Outsourcing is purchasing services on a package basis. The contract urges on financial terms rather than any other relationship.

		The Meaning of Outcourcing sebb, Management Consultant, Germany, Member
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