outsource
Outsourcing is the practice of obtaining goods or services from an external organization rather than producing them internally. It involves transferring management and performance of a business process or function to a third-party provider. Typical outsourced activities include information technology, customer support, human resources, accounting, manufacturing, and logistics. Outsourcing can be domestic (onshore), nearshore (in a nearby country), or offshore (in a distant country). The term is often used in conjunction with offshoring, which refers to geographic relocation, while outsourcing refers to the act of contracting.
Companies choose outsourcing for several reasons, including cost reduction, access to specialized expertise, faster time to
Common outsourcing models include business process outsourcing (BPO), IT outsourcing, knowledge process outsourcing (KPO), and manufacturing
Historically, outsourcing gained prominence in manufacturing and later in information technology and services. The trend has