What is another word for Outsourcing?

Pronunciation: [a͡ʊtsˈɔːsɪŋ] (IPA)

Outsourcing refers to the practice of a company delegating certain tasks to external parties, rather than performing those tasks in-house. There are plenty of synonyms for outsourcing, each with its own unique connotations. For example, the term "offshoring" is often used to refer to the outsourcing of jobs or tasks to countries with lower labor costs. "Contracting out" is another common synonym that typically involves hiring a third-party provider to perform a specific function. "Subcontracting" and "externalization" are two other synonyms for outsourcing that convey similar meanings. Regardless of which term is used, outsourcing has become an increasingly popular business strategy in today's global economy.

Synonyms for Outsourcing:

What are the paraphrases for Outsourcing?

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What are the hypernyms for Outsourcing?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for Outsourcing?

Outsourcing is a term that refers to the practice of delegating tasks or services to an external entity. The opposite or antonyms for outsourcing would be insourcing or in-house services. Insourcing means to keep the task or service within the company and not rely on external parties to complete the work. Another antonym would be domesticity or localization. This is the move by a company to go local by having all operations done in-house or hire within the country. Other antonyms for outsourcing would include self-sourcing, inshoring or insheeting, which means the company can do the work themselves using their resources. In summary, the antonyms for outsourcing all refer to keeping the work in-house or within the company.

What are the antonyms for Outsourcing?

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Famous quotes with Outsourcing

  • Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
    Larry Elder

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