what it is outsourcing?

[Rajakumarimani]

meaning:Outsourcing is the process of contracting a portion of  a company’s activities to third party providers.

Example:steps in the design ,supply ,production,marketing,sales,and services processes

[Aravind Kumar]

The contracting orsubcontractingof noncore activities tofreeupcash,personnel, time, and facilities for activities in which acompanyholdscompetitive advantage. Companies having strengths in other areas maycontractoutdata processing,legal, manufacturing, marketing,payrollaccounting, or other aspects of their businesses to concentrate on what they do best and thus reduceaverageunit cost. Outsourcing is often an integral part ofdownsizingorreengineering. Also calledcontracting out.

[nishat Parveen]

Bharti airtel is the first telephone company who outsourced everything except sales marketing and finance

[Jayalakshmi. j]

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

[jagadeeshwaran]

an outsourcing is an arrangement in which one company provide service for another company usually to provide in house and it is a trend becoming more common and information technology for other industry service that has usually been regarding intrinsic to manage a business.

[Author]

Posts