outsourcing
Outsourcing refers to the practice of delegating specific tasks or processes of a company to an external party or service provider, typically in a different location or country, in order to reduce costs, increase efficiency, or access specialized skills and resources.
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Related Concepts (19)
- business process outsourcing (bpo)
- business processes
- contract negotiation
- cost savings
- customer service outsourcing
- globalization
- human resources outsourcing (hro)
- international resource acquisition strategies
- it outsourcing
- knowledge process outsourcing (kpo)
- legal process outsourcing (lpo)
- manufacturing outsourcing
- offshoring
- resource acquisition strategies
- strategic sourcing
- supply chain management
- technology outsourcing
- vendor management
- vertical integration