Outsourcing is the management and/or day-to-day execution of a business function
by a third party service provider. Outsourcing can be provided on or off
premises, in the same country or in a separate country. A long-term, results-oriented relationship with an external service provider for
activities traditionally performed within the company. Outsourcing usually
applies to a complete business process. It implies a degree of managerial
control and risk on the part of the provider.
Outsourcing