Outsourcing is a business practice of using external providers for business processes that would otherwise be handled internally. Learn about the origin, evolution, and benefits of outsourcing , as well as the differences between outsourcing and related concepts such as offshoring, insourcing, and midsourcing. Outsourcing means a business hires other companies to do certain jobs instead of doing them in-house. This decision allows businesses to benefit from the expertise, efficiency, and cost savings that specialized providers can give. Outsourcing is defined as a business practice in which services or job functions are hired out to a third-party on a contract or ongoing basis. In IT, an outsourcing initiative with a technology ... Learn what outsourcing is, how it works, and why businesses worldwide are using this powerful strategy to boost efficiency and reduce costs.
