WordUpWordup

Outsourcing

usgb/ˈaʊtsɔːrsɪŋ/Volume
Left Definition 1 of 2Right
LampPro Tip 1/3
Cost MotivationPlay
Outsourcing is often motivated by the desire to save on costs like labor and manufacturing. SlideTo remain competitive, manufacturers often consider outsourcing to regions with lower wages.
LampPro Tip 2/3
Global TrendPlay
Outsourcing is a global trend, allowing companies to tap into skills and economic advantages overseas. SlideThe consultant recommended outsourcing our IT needs to a specialized firm in Eastern Europe.
LampPro Tip 3/3
Expertise AccessPlay
Companies outsource to gain access to expertise not available internally. SlideOur small firm outsourced legal work to avoid the cost of a full-time lawyer.