outsource


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outsource

For a company or organization, to hire individuals from outside the organization for a task or project, rather than using its own employees. The opposite of "insource." With the current emphasis on outsourcing, everyone in the company is worried about their jobs.

farm out, to

To assign to an outsider, to subcontract. This term, which originated in the mid-1600s, at that time meant to lease land. Its current meaning dates from the 1900s. It is gradually being replaced by outsource, with the same meaning. Thus, “The publisher can’t afford an in-house copy editor so it farms out that work to freelancers” or “When you phone your Internet provider you often get someone from India or Bangladesh; they outsource all their calls.”
See also: farm
References in periodicals archive ?
While larger companies are more likely to use outsourcing for at least a portion of their servicing operation, smaller servicers seem to outsource an entire function if they use outsourcing at all.
Traditionally, many outsource arrangements are built around a transactional model.
And, outsourcing organizations have shorter pick-to-ship cycle times for customer orders than organizations that do not outsource. At the median, there is a one hour difference in performance for these two groups.
The results depict that in Pakistan most companies are using the outbound logistics as a outsource activity in business.
When it comes to outsourcing finance and accounting operations, cost savings were the primary driver of future finance and accounting outsourcing deals for 92% of companies that took part in a recent survey, Global Finance and Accounting Outsourcing Service Provider Performance and Satisfaction Survey 2010, conducted by outsource advisor EquaTerra (which was acquired by KPMG in February 2011).
Dubai Outsource Zone, one of the first free zones dedicated to outsourcing in the UAE, was one of the main partners at the event that was organised by TCQ Triangle.
In recent years, the types of services that institutions outsource has become even more diverse, covering orientation and freshmen sessions, counseling for substance abuse prevention, as well as financial planning (Lipka, 2010).
The theoretical literature on the firm's decision to produce in-house or outsource through market contracts is extensive and dates back to Coase (1937) and his theory of the firm.
In our most recent survey we found that more than 72% of utilities have either outsourced a customer-care function (defined as billing, collections, remittance or contact center) or are planning to outsource a customer care function in the next two years.
Dubai Outsource Zone, the world's first free zone dedicated to the outsourcing industry and a member of TECOM Investments, today announced a strategic partnership with the Arab Outsourcing Forum for the second consecutive year to support the unique business needs of the Middle East region.
Understand why the firm would like to outsource a service and what resources are available to successfully conduct an outsourcing project.
A separate PA International Outsourcing Survey 2009 found that 31 percent of companies plan to outsource more IT over the next year.
(Choosing which parts of your business to outsource is an important step in beginning the outsourcing process.
The "what" category is presented next because, after a company determines the objective of outsourcing, it needs to determine how to best realize the potential benefits by identifying what process or product to outsource. "Who" questions include the critical considerations and risks surrounding the people aspects of the outsourcing process, such as who is making the decision, who is the outsourcing vendor, and who will remain after the transition is complete.