Definitions for Outsource
ˈaʊtˌsɔrs, -ˌsoʊrsout·source

Princeton's WordNetRate this definition:0.0 / 0 votes

1. outsourceverb

   obtain goods or services from an outside supplier; to contract work out

   "Many companies outsource and hire consultants in order to maintain a flexible workforce"

WiktionaryRate this definition:0.0 / 0 votes

1. outsourceverb

   To transfer the management and/or day-to-day execution of an entire business function to a third-party service provider.

   They decided to outsource the design and manufacture of the system to a vendor.

WikipediaRate this definition:0.0 / 0 votes

1. outsource

   Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has "made its presence felt since the time of the Second World War", often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises (privatization), even if conducted on a limited, short-term basis, may also be described as outsourcing.Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country). Offshoring and outsourcing are not mutually inclusive; one can exist without the other. They can be intertwined (offshore outsourcing), and can be individually or jointly, partially or completely reversed, in methods including those known as reshoring, inshoring, and insourcing.

ChatGPTRate this definition:0.0 / 0 votes

1. outsource

   Outsourcing is the practice of hiring an external company or individual, either domestically or internationally, to handle certain business activities or tasks. These can include functions like customer service, manufacturing, software development, or accounting procedures. The aim of outsourcing is often to reduce costs, access skilled expertise, streamline business operations, or free up internal resources.

Matched Categories

1. • Source

Anagrams for Outsource »

1. courteous

How to pronounce Outsource?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Outsource in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Outsource in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of Outsource in Pythagorean Numerology is: 2

Examples of Outsource in a Sentence

1. Brian Fitzpatrick:

   We simply cannot outsource our public safetyand national security to foreign nations, we must reconstitute our health care and public safety supply chain back to the United States. Medical products, protective equipment, pharmaceuticals, emergency response equipment and all other critical items and materials needed to respond to a national emergency must be produced domestically for domestic consumption, especially during a critical, time-sensitive crisis.

2. Michael Orcutt:

   I like to do things the right way, and having these people around gives me all the resources I need, i don’t have to be the smartest tool in the shed. I’m a collaborator. If you outsource, I think you’re giving up control to firms who aren’t necessarily looking out for your interests as much.

3. Scott Paul:

   Companies do this all the time, they outsource work, invest elsewhere, leave some work on programs that are ending — and then shut down saying the program ended, instead of investing in the Scott Paul plant in the first place, which could keep Scott Paul workers employed on new programs.

4. Elizabeth Warren:

   It all sounded good but what it was really about was tying the hands of regulators and turning loose big banks and giant international corporations to do whatever they wanted to do: turning them loose to rig the market and reduce competition; turning them loose to outsource more jobs; turning them loose to load up on more risks and then hide behind taxpayer guarantees; turning them loose to sell more mortgages and credit cards that cheated American families.

5. Colin Wayne:

   I want to keep my products in America, i think that's very important as a veteran who almost died for this nation. It's important to sustain America's prosperity. With the cost of how much everything is rapidly increasing, it's hard to constitute the price points domestically when you can outsource at a fraction of the cost.

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Outsource
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Outsource
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Outsource
4. ^ ChatGPT
   https://chat.openai.com