VS.

Outsourcing vs. Sourcing

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Outsourcingnoun

The transfer of a business function to an external service provider.

Sourcingnoun

The process by which something is sourced, or obtained from another place.

Outsourcing

Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally and sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981.

Sourcingnoun

The supply of resources needed by a business process.

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