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outsourcing

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
out·sourc·ing  (outsôrsng, -sr-)
n.
The procuring of services or products, such as the parts used in manufacturing a motor vehicle, from an outside supplier or manufacturer in order to cut costs.
Translations
outsourcing [ˈaʊtsɔːsɪŋ] N (Comm) [of labour] contratación de mano de obra que no pertenece a la empresa
the outsourcing of componentsla adquisición de componentes de fuentes externas
outsourcing [ˌaʊtˈsɔːrsɪŋ] n [work] → externalisation f
outsourcing
n (Econ) → Auslagerung f, → Outsourcing nt


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If we were to give it a dictionary definition, outsourcing would be the process of an organization or individual transferring the ownership of a business process to a supplier (which in turn can be an organization or individual).
The term outsourcing has been heavily used over the past few years, but oftentimes the meaning of this process wrongfully understood.
Revenues from the Malaysian IT/ITeS outsourcing industry are expected to touch $1.
 
 
 
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