OUTSOURCING A-Z
Outsourcing
Outsourcing is the management and/or day-to-day execution of an entire business function by a third party service provider. Outsourcing can be provided on or off premises, in the same country or in a separate country.
A long-term, results-oriented relationship with an external service provider for activities traditionally performed within the company. Outsourcing usually applies to a complete business process. It implies a degree of managerial control and risk on the part of the provider.
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