outsourcing (B2)
noun
Pronunciation: /ˈaʊtˌsɔːrsɪŋ/
Definition
The practice of contracting out a business function or process to an external third-party supplier, often to reduce costs or improve efficiency.
Examples
Outsourcing IT support can free up internal resources for core business activities.
The company decided on outsourcing its payroll processing to a specialized firm.
Many manufacturing jobs have been lost due to outsourcing to countries with lower labor costs.
How to Use outsourcing
- outsourcing of (prepositional phrase)
- Indicating what service or function is being contracted out. — "The outsourcing of manufacturing has led to job losses in some regions."
- outsourcing to (prepositional phrase)
- Indicating the destination or recipient of the contracted work. — "Many tech companies are outsourcing to Eastern Europe for skilled labor."
Synonyms of outsourcing
Words with a similar meaning to outsourcing:
Antonyms of outsourcing
Words with the opposite meaning to outsourcing:
Browse the full Anaversity dictionary