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Getting work done outside your company by non-company workers.
Lucky Me
Hiring another company to complete the work. For example a lot of USA companies own the rights to a design or product and hire a company in China to make it for them cheaply. That's outsourcing.
sieteram
outsourcing means subcontracting agents to work for your company.. just like what aov outsourcing services in the philippines do.
THECREDITFILESCOINC
Outsourcing is a term that defines the manner in which you seek out services to a company, individual or agency that you normally would seek out in your own town, state or local but you prefer to get the lowest possible rate from the deliverer. You would then outsource your needs to get the best possible rate. Say for example, you wanted a computer engineer for your company, but here in the USA they charge $180.00 an hour. You can outsource your needs to a computer engineer in like another country like India, Aruba, Spain or Italy for example, and they may only charge $25.00 to $30.00 an hour for the same exact services.
Hope you understood it.
Much Love
Peace & Happiness
grrajeshkumar
It is doing by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.....