Want to say outsourcing differently? Here are other words for outsourcing and its similar synonyms and opposite words to say in unique way.
Meaning of outsourcing
The primary meaning of "outsourcing" is the practice of contracting with a third-party supplier, often in another country, to perform tasks or services that would otherwise be done in-house.
Etymology of outsourcing
The word "outsourcing" originated in the 1980s, derived from the words "outside" and "sourcing," referring to the practice of obtaining goods or services from outside a company.
The term gained popularity in the 1990s as companies began to contract with external suppliers to reduce costs and increase efficiency.
Synonyms
subcontracting
delegation
offshoring
externalization
privatization
contracting out
farming out
allocation
assignment
transfer
handing over
devolution
decentralization
dispersal
distribution
relocation
reassignment
reallocation
reassessment
reevaluation
insourcing
downsizing
rightsizing
restructuring
reorganizing
streamlining
optimization
efficiency
productivity
cost-cutting
economizing
rationalization
reconfiguration
Definitions
- The act of contracting with a third-party supplier, often in another country, to perform tasks or services that would otherwise be done in-house.
- * The practice of obtaining goods or services from outside a company rather than producing them internally.
Usage Examples
- The company decided to outsource its manufacturing operations to a supplier in Asia to reduce costs.
- * Outsourcing has become a common practice in the IT industry, with many companies contracting with external providers for services such as software development and data storage.
Antonyms
insourcing
in-house production
internalization
self-sufficiency
self-reliance
autonomy
independence
integration
consolidation
centralization
reunification
reintegration
reconsolidation
recentralization
reinternalization