What is outsourcing?

Outsourcing

Outsourcing is the contracting out of a business process, which an organization may have previously performed internally or has a new need for, to an independent organization from which the process is purchased back as a service. Though the practice of purchasing a business function—instead of providing it internally—is a common feature of any modern economy, the term outsourcing became popular in America near the turn of the 21st century. An outsourcing deal may also involve transfer of the employees and assets involved to the outsourcing business partner.

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Some articles on outsourcing:

Software Industry In The People's Republic Of China - Outsourcing
... The software outsourcing market is projected by the Ministry of Industry and Information Technology to grow to $60 billion by 2015 ...
Samsung SDS
... Hardware and Software Implementation and Support, and IT Education) and outsourcing services (Business Process Outsourcing, Application and IT Infrastructure ... such as U-City, RFID and Engineering Outsourcing ...
Smith Street Solutions - Awards and Recognition
... one of the top 20 global knowledge process outsourcing (KPO) vendors in the Top Knowledge Process Outsourcing Providers Report published by The Black Book of Outsourcing ...
Seioglobal - Certifications & Leadership Awards - Top10 Brand of China Outsourcing 2007
... Organized by the China Outsourcing Association (中国外包协会) ... honors outstanding achievements in the outsourcing industry in China ...