BNET Business Dictionary
Business Definition for: Outsourcing
- the transfer of the provision of services previously performed by in-house personnel to an external organization, usually under a contract with agreed standards, costs, and conditions. Areas traditionally outsourced include legal services, transport, catering, and security. An increasing variety of activities, including IT services, training, and public relations are now being outsourced. Outsourcing, or contracting out, is often introduced with the goal of increasing efficiency and reducing costs, or to enable the organization to develop greater flexibility or to concentrate on core business activities. The term subcontracting is sometimes used to refer to outsourcing.
- the use of external suppliers as a source of finished products, components, or services
Wiktionary Definition for: Outsourcing
- (''mainly US'') present participle of outsource
Additional Resources
- Is Outsourcing on the Wane?
- Yesterday on InformationWeek's CIOs Uncensored blog, John Soat mused about the fate of outsourcing. 10 years after the practice exploded onto the business world, is sending work overseas growing more or less viable? Arguing for the continued viability of outsourcing is a recent InformationWeek article entitled "The...
- Blog posts 2007-11-14
- The Future of Outsourcing
- Global Services made its year-end preview issue good for the next three. The magazine, which is dedicated primarily to outsourcing (full disclosure: I have written for this magazine in the past), Outsourcing 2010 special report features essays by 18 industry figures. All of the essays are from...
- Blog posts 2007-12-08
- Outsourcing Grows Up
- HR outsourcing is undergoing a shift that mirrors what IT outsourcing experienced during the last decade. In the process, it is gaining a reputation as an effective way to help HR organizations contribute to business strategy and the bottom line. Article gives a look at what is driving companies' increased...
- White papers 2003-01-01
- Value-Based Outsourcing Governance: Generating More Value From Your Outsourcing Program
- Over half of companies nowadays that have had negative experiences with outsourcing identify governance as the biggest problem. Governance is the process of overseeing the outsourcing relationship and its results. With more and more companies outsourcing key pieces of their business - often entire end-to-end processes - the potential problems...
- White papers 2008-07-24
- Companies Willing to Take Offshore Outsourcing Risks
- The London School of Economics and Political Science (LSE) Outsourcing Unit published a report titled “Beyond BRIC”. The Outsourcing Unit researched on the state of outsourcing in non-BRIC (Brazil, Russia, India, and China) countries and global outsourcing trends. The study compares Egypt with 13 non-BRIC countries, namely Romania, Bulgaria, Poland,...
- External links 2009-05-06
- CIOs failing to measure outsourcing value
- Phil Muncaster, Computing, Wednesday 12 August 2009 at 13:17:00 New research higlights a "critical" gap in managerial knowledge Less than half of chief information officers CIOs know the financial value of outsourcing to their business, according to research. The study by Warwick Business School, on behalf of Indian IT...
- News items 2009-08-12
- Outsourcing's Next Wave
- One wave of outsourcing is certainly its emerging power as a business tool of unique versatility and flexibility. Because outsourcing's impact comes from leveraging the capabilities of outside providers and since businesses are getting better and better at doing it well, it's now more a question of how best to...
- White papers 2002-07-15
- KPMG launches fast-track outsourcing.(Brief Article)
- KPMG Consulting has launched a new service for companies negotiating outsourcing contracts--Fast Track Outsourcing--which aims to get a better deal and reduce the time taken to finalise an outsourcing agreement. Fast-track outsourcing represents a ne KPMG Consulting has launched a new service for companies negotiating...
- Research articles 2000-01-01
- Freeborders Named One of the 50 Best Managed Global Outsourcing Vendors by The Black Book of Outsourcing; Global Survey Recognizes Top Outsourcing Vendors in Leadership Performance and Management Outcomes
- SAN FRANCISCO -- Freeborders, a leading technology outsourcing provider from China, has been identified by The Black Book of Outsourcing's 2006 survey as one of the 50 best managed global outsourcing vendors. Freeborders was ranked against 872 outsourcing vendors across 63 countries. Freeborders is also the only China provider on...
- Research articles 2006-07-13
- Outsourcing Your Ethics
- Im the owner of a mid-sized company, and were experiencing some hard financial times. To survive, we need to downsize. I put a team in charge of coming up with a plan, and they recently presented me with their recommendations.Job cuts are inevitable, but the team presented an option where...
- Blog posts 2007-05-14
- The Three Dimensions Of Value-How Different Levels Of Outsourcing Impact Buyer Results
- The primary benefit of outsourcing is creating value. The knowledge of which kind of value the outsourcing relationship is creating is mission critical information because the impact on the organization differs wildly. Everest consultants are closely examining the outsourcing process to understand how and where outsourcing creates value. It has...
- White papers 2002-04-01
- Planning for an Outsourcing Evaluation
- An outsourcing evaluation should follow a disciplined, managerial approach from planning through negotiation and implementation, to ongoing management of the relationship. The planning, analysis and design steps followed during an outsourcing assessment are similar to the familiar project management development process. This article focuses primarily on the all-important first steps...
- White papers 2001-03-01
- Business Process Outsourcing: Moving Up The Knowledge Continuum – Outsourcing Risk Management And Claim Processing
- The article tries to convey that in outsourcing risk management and claims processing, insurance carriers and self-insurers are learning many of the same lessons that others have learned from outsourcing efforts in IT and human resources. Companies considering any business process outsourcing must develop a sourcing strategy. The strategy should...
- White papers 2003-01-01
- The Outsourcing Shuffle
- Every product has a life cycle. There are hot new gadgets, mature goods, and end-of-life commodities. If one's product is no longer the hottest thing out here, it may be time to adjust the business model. The new economy dogma that outsourcing creates value has turned out to be a...
- White papers 2003-07-01
- Outsourcing: The Growing Sector of IT
- Outsourcing has grown more so than any other sector of IT services. Companies look to outsourcing as a means of reducing their operating cost and their need for capital spending. Organizations turn to outsourcing to save money and leverage outside expertise. These days, every business is cutting costs. Paying someone...
- White papers 2003-05-01
- Issues In Outsourcing
- Outsourcing is the transference to third parties, the performance of functions once administered in-house. The paper looks at the primary reasons for outsourcing and the determinants in outsourcing success. It also explains the process of outsourcing, its reasons, and how an outsourcing agreement is managed. The feasibility, costs, and benefits...
- Presentations 2003-01-01
- Outsourcing: The Atos Origin Outsourcing Lifecycle - Building Successful Outsourcing Relationships
- Outsourcing changes the responsibility for executing IT services from the internal IT department to external service providers. Outsourcing relationships are contractual engagements including output obligations and, as a result, the internal IT staff and assets, such as hardware and software, are often transferred to the service provider. This paper is...
- White papers 2004-06-23
- The Issue: Why and How Outsourcing Management and Governance Is Critical to Outsourcing Success
- Organizations undertaking Information Technology and Business Process Outsourcing (ITO/BPO) are typically focused on "doing the deal." Yet, arguably the hardest part of outsourcing occurs after the deal is done: undertaking the transition and performing ongoing Outsourcing Management and Governance (OM/G). OM/G is a critical and fundamental - but often misunderstood...
- White papers 2006-12-05
- Demand Supply Management In IT Outsourcing Partnerships
- For decades outsourcing has been growing with double-digit percentages. Different types of outsourcing have emerged, including Business Process Outsourcing and Global Sourcing, and the focus of IT outsourcing partnerships is slowly shifting from efficiency to innovation. Key to achieving this, and making outsourcing a success for both parties, is governance....
- White papers 2005-04-29
- A Model Of Outsourcing And Foreign Direct Investment
- This paper presents a model in which two firms may use foreign direct investment or outsourcing in order to reduce the production cost of an intermediate input. Outsourcing requires training which is costly and creates a positive spillover. The paper shows that the equilibrium depends on the level of training...
- White papers 2005-12-01
