outsourcing

outsourcing definition - business

outsourcing

Paying another firm to provide goods or services that could be produced internally. For example, an appliance manufacturer may outsource the production of some of its models to other manufacturers that can perform the work more cheaply. Many companies choose to outsource cleaning services. See also homesourcing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.