Dictionary of Accounting Terms: outsourcing
outsourcing
acquisition of products and services from sources outside the organization instead of producing them internally.
Dictionary of Business Terms: outsourcing
outsourcing
having a service or product supplied or manufactured by another, who could be a manufacturer, merchant wholesaler, agent, or broker.
Dictionary of Finance and Investment Terms: outsourcing
outsourcing
contracting out to another manufacturer or supplier work that would otherwise be done by a company's own employees. Outsourcing by General Motors to avoid high wages paid to auto workers was a major issue in negiotiations with the United Auto Workers union in the 1990s.
