Tuesday, September 2, 2014 4:47 PM EST

Outsourcing

Outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider. In this sense, two organizations may enter a contractual agreement involving an exchange of services and payments.

Of recent concern is the ability of businesses to outsource to suppliers outside the nation, sometimes referred to as offshoring or offshore outsourcing (which are odd terms because doing business with another country does not mean you have to go offshore) In addition, several related terms have emerged to grasp various aspects of the complex relationship between economic organizations or networks, such as nearshoring, multisourcing and strategic outsourcing.

Headlines Around the Web

Articles About Outsourcing

Former U.S. Secretary of State Hillary Clinton smiles as she arrives to sign copies of her book "Hard Choices" at a Costco store in Arlington, Virginia
US Slams Conspiracy Theory with ISIS

By IBTimes AU

The U.S. government has categorically denied the conspiracy theories linking it with the terror group ISIS (Islamic State of Iraq and Syria). (Aug 14)

MORE TOPICS: IRAQ, HILLARY CLINTON, FACEBOOK, LONDON

A man and two passengers ride on a scooter past a shop displaying the Vodafone logo on its shutter in Jammu
Vodafone Under Pressure to Cut Tariffs as 4G Market Becomes More Competitive

By IBTimes AU

British Telecom is preparing to place pressure on Vodafone to reduce its tariffs as competition in the 4G mobile broadband becomes tighter. (Aug 14)

MORE TOPICS: NETFLIX, AUSTRALIA, BROADBAND

A man walks past wreckage at the crash site of Malaysia Airlines Flight MH17 near the village of Hrabove (Grabovo), Donetsk region July 26, 2014. Nearly 300 people, 193 of them Dutch citizens, were killed when the Malaysia Airlines plane en route from Ams
Malaysia Airlines Flights: MH17 Black Box Data Suggests Missile Attack; MH17 and MH370 Leads Malaysia Airlines to ‘Renaming and Rebranding’

By IBTimes AU

Data from black box of Malaysia Airlines flight MH17 has been recovered. The information from the flight data recorder suggests the Malaysia Airlines flight was hit by a missile before crashing. Also, the loss of MH17 and MH370 has led Malaysia Airlines to consider “renaming and rebranding. (Jul 28)

MORE TOPICS: RUSSIA, UKRAINE

A man walks past wreckage at the crash site of Malaysia Airlines Flight MH17 near the village of Hrabove (Grabovo), Donetsk region July 26, 2014. Nearly 300 people, 193 of them Dutch citizens, were killed when the Malaysia Airlines plane en route from Ams
Malaysia Airlines Considers Changing Name After MH370 and MH17 Tragedies

By IBTimes AU

Malaysia Airlines is looking at rebranding options as the tragedies of MH370 and MH17 cast a shadow on the company as well as the entire aviation agency. (Jul 28)

MORE TOPICS: AUSTRALIA, UKRAINE, INVESTMENT

Justin Bieber Offered $1 Million Dollars to Do Porn

By IBTimes AU

Porn mogul Larry Flynt offered $1million dollars to Justin Bieber to do pornographic commercials. (May 23)

MORE TOPICS: NEW YORK, JUSTIN BIEBER, LONDON

Air Canada's Boeing 787 Dreamliner arrives at Pearson International Airport in Toronto May 18, 2014. REUTERS/Aaron Harris
Air Canada: First Dreamliner Touches Down, Union Opposes Outsourcing Three Routes

By IBTimes AU

Air Canada has received its very first 251-seat Boeing 787 Dreamliner over the weekend. Air Canada has ordered a total of 37 of the new passenger jets. It will be used to open a route between Toronto and Haneda airport in Tokyo starting July. (May 20)

MORE TOPICS: BOEING 787, MANUFACTURING, MANAGEMENT

Australian Tax Office to Cut 3,000 Jobs

By IBTimes AU

As part of the Abbott government's cost-cutting measures to be announced this week in the budget, the Australian Tax Office (ATO) will axe 3,000 jobs, reports said. (May 12)

MORE TOPICS: AUSTRALIA, TONY ABBOTT

Voters display their voter identity cards as they wait for their turn to cast their ballot at a polling station in Uttar Pradesh. (Representational image)
India Passes Halfway Mark in Election with BJP Gaining Strength

By Reuters

India called a quarter of its 815 million voters to polls on Thursday, in areas ranging from Himalayan passes to a southern IT hub and western sugarcane farms. (Apr 18)

MORE TOPICS: TWITTER, COURT, ELECTIONS, INDIA, SUPREME COURT, CONGRESS

Infosys says Staff Exodus a worry after Q4 Profits Beat Estimates

By Reuters

Staff left India's second largest IT services exporterInfosys Ltd (INFY.NS) at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. (Apr 16)

MORE TOPICS: MANAGEMENT, INFOSYS, WIPRO, INVESTMENT, LONDON

Infosys Q4 Net Profit up 25 Percent, Beats Forecasts

By Reuters

Infosys Ltd, India's second largest IT services exporter, reported a 25 percent increase in quarterly net profit, beating estimates, as it added new clients including Chinese-owned Swedish automaker Volvo Car Corp. (Apr 15)

MORE TOPICS: INFOSYS