What is another word for outsourcing? | Outsourcing Synonyms - WordHippo Thesaurus (2024)

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What is another word for outsourcing? | Outsourcing Synonyms - WordHippo Thesaurus? ›

Synonyms of 'outsource' in British English

They farmed out work to contractors. contract out. hire out. subcontract.

Synonyms of 'outsource' in British English

They farmed out work to contractors. contract out. hire out. subcontract.

to get work done by making a contract with another company to do it, often in another country, rather than in your own company: The candidate talks about working-class issues, particularly about jobs being outsourced overseas.

Insourcing assigns a project to a person or department within the company instead of hiring an outside person or company.

To contract out a job, role or task to a third-party service provider. subcontract. farm. commission. delegate.

Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.

OUTSOURCING Definition & Legal Meaning

Called contracting out, this allows businesses to benefit from specialist skill sets without paying for an in-house team, and it enables companies to focus on the areas of expertise in which they enjoy a competitive advantage.

Outsourcing can be onshore (in the same country), nearshore (in a nearby country but with lower labor costs), or offshore (to a country far from the domestic company and could be located in another continent). Other service types include business process outsourcing, IT, and manufacturer outsourcing.

IT Staff Augmentation and Dedicated Teams are the two types of outsourcing that have revolutionized software development. Through them, businesses from all around the world have been able to quickly develop high-quality software solutions designed specifically to match their needs.

What is better than outsourcing? ›

You have more control over your product or service quality when you have an in-house team. Further, you can have more control over customer experiences. And, if done right, an in-house team can offer a higher level of customer service than an outsourced team.

noun. /ˈaʊtsɔːsɪŋ/ /ˈaʊtsɔːrsɪŋ/ [uncountable] (business) ​outsourcing (of something) (to somebody) the process of arranging for somebody outside a company to do work or provide goods for that company.

Outsourcing is the process or a situation when the company employs a third-party provider or organization to do some work instead of using its staff or resources. Sourcing is a process of gaining goods or services from a particular place.

Outsourced Employee – A Better Understanding

Outsourced employees are commonly referred to as contractors or freelancers, and they may work on a temporary or permanent basis depending on the needs of the company and the terms of their employment.

Nearshoring, offshoring and onshoring are terms that represent geography-based subcategories of outsourcing. Outsourcing refers to the organisational strategy of contracting a specialist third-party provider to execute particular business functions or processes.

The company outsources many of its jobs to less developed countries. The work was outsourced to a factory in China.

Outsourcing is delegating functions or tasks to a third-party vendor; offshoring is moving jobs or operations to another country. Outsourcing and offshoring are viable options for businesses looking to reduce costs, scale processes, and expand operations. Understand, however, that they are not interchangeable terms.

BPO is the abbreviation for business process outsourcing, which refers to when companies outsource business processes to a third-party (external) company. The primary goal is to cut costs, free up time, and focus on core aspects of the business. Two types of BPO are front-office and back-office.