What is Outsourcing?

[Hemapriya]

Outsourcing is a practice used by different companies to reduce costs by transferring portion of works to outside suppliers rather than completing it internally. It is an effective cost saving strategy when it is used properly.

[Jayalakshmi. j]

Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

[Shalini.s]

An contract

Eg.There can be no question of outsourcing components from other countries

[arul]

outsourcing is an arrangement in which one company provides service for another company that could also be or usually have been provided in house.

[Nivedha Kannan]

Outsourcing is a practice used in many companies to reduce the costs by transferring the portions of wok to outside suppliers rather than completing inside.

WIPRO, Accenture, Infosys are some the companies that do outsourcing..

[Author]

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