- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is Outsourcing?
Outsourcing refers to a business practice of hiring someone outside of the organization to carry out a task or project that is traditionally performed in person, in-house, or by employees of the firm.
Outsourcing is generally thought to provide the following benefits:
- reduce the cost of completing business-related projects,
- avoid overhead, equipment, and technology costs
- specialized expertise of the outside party.
Firms often outsource services to domestic and foreign firms.
Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT
Academic Research on Outsourcing
Panel content
