MAS outsourcingMonetary Authority of Singapore Act

Best 4 Definitions of Outsourcing - YourDictionary

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Outsourcing definition ... An increasingly popular process in which a company contracts with another company to manage services that it needs but that it doesn't ... HomeDictionaryMeanings Outsourcing Outsourcingdefinition Filters  (0) Meanings Synonyms Sentences Anincreasinglypopularprocessinwhichacompanycontractswithanothercompanytomanageservicesthatitneedsbutthatitdoesn’twanttoprovideitself.Typically,outsourcedservicesarenon-coreactivitiessuchasjanitorialservices,informationtechnology,andfoodcateringfortheemployeecafeteria.Sometimescompaniesoutsourcemanufacturingandfocusonsalesandmarketing.Outsourcingispopularbecauseitallowscompaniestoreduceshort-termcosts.10(1)Contractingwithoutsideconsultants,softwarehousesorservicebureaustoperformsystemsanalysis,programminganddatacenteroperations.Contrastwithinsourcing.Seenetsourcing,ASP,SSPandfacilitiesmanagement.22Outsourcingisthepurchaseofgoodsorservicesfromanoutsidesource.WhenaU.S.companyhiresanindependently-operatedcallcenterinIndiatohandletelephonecustomerservice,thisisanexampleofoutsourcingcustomerservice.Whenacompanycontractsoutthedevelopmentofawebsite,thisisanexampleofoutsourcingwebdesign.verb00Thetransferringofcertainbusinessfunctionsfrominternalstafftooutsidecontractors.Outsourcingcommonlyisappliedtonon-corefunctions,suchasaccounting,informationtechnology,humanresources,facilitiesmanagement,fleetmanagement,partsmanufacturing,payroll,pressrelations,andrealestatemanagementforreasonsthatincludeloweringcosts,avoidingliabilities,andallowingmanagementtofocusonthecorebusiness.Outsourcingalsoisanexcellentwayformanagementtoshiftorevenavoidresponsibility.Seealsojobsecurityandoffshoring.00 Advertisement OutsourcingSentenceExamplesOutsourcingisthedelegationofoperationaltasksasmallbusinessownereitherdoesn'thavetimetodo,orlacksthestafftoproperlyperform,toathirdpartyserviceproviderspecializinginthatoperation.Accentureisaglobalmanagementconsulting,technologyservicesandoutsourcingcompany.Butoutsourcingtopollute,oppressworkers,orhaveunsafeworkingconditionshurtstheworld'sstandardofliving.Thecompetitionforprogrammerpositionsishighandwiththeuseofoutsourcing,itcanbetoughtostaymarketableandvaluabletoemployers.MoresentencesRelatedarticlesExamplesofGlobalizationVerbsThatStartWithOAlsoMentionedIninshoringnetsourcingPCsubscriptionservicenoshoringVulnerabilitiesofComputersoutsourcedinsourcingiPhoneEconomymultisourcingoffshoringWordsnearoutsourcingintheDictionaryoutsoundsoutsourceoutsourceableoutsourcedoutsourceroutsourcesoutsourcingoutspanoutsparkleoutsparkled Filter

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