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
The movement of business functions from an internal department to an external company This is commonly done so that companies can concentrate on their core business and take advantage of the economy of scale available to an external provider servicing many clients
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 "