what does outsourcing mean?

Answer 1

when a company pays someone else to do a certain task or job. Companies know they can pay someone who specializes in certain fields to do certain jobs quicker and cheaper.

Answer 2

Outsourcing is Assigning responsibility for all or a portion of the activity and tasks involved in developing and/or running and maintaining a system to a vendor outside of the organization. It is also the process of subcontracting a process, such as product design or manufacturing, to a third-party company.
The major jobs that are outsourced are like, telemarketing, customer support, CATI, Surveys, Tech Support. Call Center jobs holds a major share in outsourcing however, outsourcing is not limited to call centers. You can outsource any thing that you dont want to do yourself. The major reasons to chose for outsourcing are Lack of resources and Cost Cutting.
Major Offshore Outsourcing Destination, India being number one. then Philipines, Russia etc. But India leads the way ahead.

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Answer 3

Many times it is confused with sending jobs out of the country, this is referred to offshoring.
Outsourcing is just having someone else do procedures for the company.

Answer 4

Having something done outside the company.
An example" printing forms and otherstuff.
A bank may have an "in house "' printshop uut decided it would have to spend toomuch for new equipment which it would not use all the time. So, it decides to have all their printing done by a printer who does have the new equipment,l and can do it for less cost than if they were to do it themselves.