outsourcing and offshoring
Outsourcing refers to the practice of contracting specific business functions or operations to external companies instead of handling them internally. Offshoring, on the other hand, involves shifting those outsourced activities to a different country, usually one with lower labor costs. Both outsourcing and offshoring aim to improve cost-efficiency and focus on core competencies by utilizing external resources and expertise.
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Similar Concepts
- business process outsourcing (bpo)
- customer service outsourcing
- human resources outsourcing (hro)
- it outsourcing
- manufacturing outsourcing
- offshoring
- outsourced delegation
- outsourcing
- outsourcing alliances
- outsourcing strategies
- public service outsourcing
- recruitment process outsourcing
- remote work and telecommuting
- strategic outsourcing
- technology outsourcing