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outsourcing
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    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.04 sec.

outsourcing

Situation where an organization passes the provision of a service, or other task previously undertaken in-house, to an external third party for them to perform on behalf of the original organization.

The US entrepreneur Ross Perot is credited, among others, with creating the modern outsourcing industry in the 1960s. Outsourcing arises from the realization that no organization can excel at everything. Activities that are not associated with the core competencies of a company are best left to specialist companies. An outsourcing agreement allows the provider company to supply a customer with services or processes that the company is currently sourcing in-house and this removes the need for that company to keep non-core skills and capacity.



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? Mentioned in ? References in periodicals archive
 
Global sourcing will apply equally to IT outsourcing and business process outsourcing," the study noted.
Contact center outsourcing moves away from cost containment by Viscusi, Stefania / Customer Interaction Solutions
In recent times, failed outsourcing projects include the Child Support Agency, where an IT outsourcing project suffered severe set backs due to inadequate testing.
Outsourcing testing inadequate by Software World
IT outsourcing: One-half of EquaTerra advisors cited IT outsourcing (ITO) as the strongest functional growth area, continuing strong 1Q07 demand trending; demand for ITO in Europe was especially strong during the quarter as demonstrated by the fact that 60 percent of the publicly announced deals of greater than $50 million in total contract value in May and June 2007 were for buyers based in EMEA countries
Cited Drops in Outsourcing Demand Don't Equate to Market Downturn, ... by Business Wire
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