To transfer the management and/or day-to-day execution of an entire business function to a third-party service provider
They decided to outsource the design and manufacture of the system to a vendor.
To utilize a third-party provider to provide services previously performed in-house
To transfer the management and/or day-to-day execution of an entire business function to a third party service provider
obtain goods or services from an outside supplier; to contract work out; "Many companies outsource and hire consultants rather in order to maintain a flexible workforce
If a company outsources work or things, it pays workers from outside the company to do the work or supply the things. Increasingly, corporate clients are seeking to outsource the management of their facilities. + outsourcing out·sourc·ing The difficulties of outsourcing have been compounded by the increasing resistance of trade unions
transfer an activity that was previously performed by an organisation's employees to outside CONTRACTORS that used to call 'scabs' (Added March 1998)
To hire a consultant or outside firm to deliver all or a portion of the services normally provided by an internal group
use external expertise and skills for specific tasks as required and when it is feasible to do so
The process of providing contracts to outside vendors to operate and support the information and telecommunications systems of a firm (See 211)
{f} turn to outside suppliers or manufacturers; contract workers from outside of a company to perform specific tasks instead of using company employees (Economics)
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
Sub contracting work to another company Normally because BTB Mailflight either does not have the production capacity at the required time, or the service is specialised and there is no equivalent in-house
The transfer of components or large segments of an organization's internal IT infrastructure, staff, processes or applications to an external resource such as an Application Service Provider
{i} turning to outside sources, method of large companies to hire contract workers to perform specific tasks instead of performing the tasks themselves
Outsourcing is the transference to third-parties, the performance of functions once administered in-house Outsourcing is really two types of service: ITO - IT Outsourcing, involves a third party who is contracted to manage a particular application, including all related servers, networks, and software upgrades BPO - Business Process Outsourcing, features a third party who manages the entire business process, such as accounting, procurement, or human resources
The practice of turning-over responsibility of some to all of an organization's information systems applications and operations to an outside firm (11)
Contracting out some or all of an organization's IT or communications operations Often believed (erroneously, according to recent research) to lead to cost savings
Occurs when one company hires another company to manage, maintain and run some portion of its business A catalog company, for example, might outsource the warehousing and delivery of the products it sells to another company Many companies outsource standard software applications See Business Process Outsourcing
This refers to a company buying services from another firm For example, if company X is outsourcing its e-commerce services, it means that it is relying on another company to do this job rather than doing it internally with its own employees and resources Many companies, like IBM, outsource much of their production to Taiwanese firms
(Ticaret) The ongoing use of an external third party instead of an internal resource which may include production of a single operation, a product or an entire line, shipping and order fulfillment, product design, network infrastructure support or many other functions. Outsourced functions are normally outside an organization's core competencies and are done to reduce cost, reduce lead time, improve quality or achieve some other stated goal
Basic outsourcing is where the client company has an entire department staffed by the employees of a staffing company, from top to bottom Can be done on or off the client company premises See also "Vendor on Premises "