Outsourcing is the practice of hiring an external company or individual to perform services or complete tasks that are normally handled by employees within an organization. This can be done for a variety of reasons,
including reducing costs, increasing efficiency, accessing specialized skills and expertise, or freeing up internal resources for other priorities.
Outsourcing can include a wide range of activities such as manufacturing, customer service, IT services, research and development, and many others. It can be done domestically or internationally, and can take
various forms, such as offshoring (moving work to a different country), nearshoring (moving work to a nearby country), or outsourcing to independent contractors.
In any case, outsourcing should be approached with care to ensure that the desired benefits are achieved, while minimizing the risks involved, such as loss of control, security concerns, or negative impact on
quality.
