Oursourcing

Outsourcing is the process of contracting an existing business function or process of an organization to an independent organization, and ceasing to perform that function or process internally, instead purchasing it as a service. Though this practice of purchasing a business function--instead of providing it internally--is a common feature of any modern economy, the term outsourcing became popular in America near the turn of the 21st century. An outsourcing deal may also involve transfer of the employees involved to the outsourcing business partner but it doesn't have to.It is sometimes confused with offshoring, though a function may be outsourced without offshoring or vice versa. However, a function may be outsourced offshore, but not vice versa. The opposite of outsourcing is called vertical integration or insourcing. However, a business function can be brought in house without involving vertical integration.

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