IT Outsourcing

is using outside vendors to create, maintain, or reengineer IT architectures and systems.

treasury outsourcing

The contracting out of parts of an organisation's treasury activities to third parties in order to reduce costs and to benefit from the expertise and high quality of treasury services offered by outsourcing providers.

Open Outsourcing

Open outsourcing is a socioeconomic movement resulting from the marriage of the open source movement and the recent trend towards the international outsourcing of programming.

Offshore Outsourcing

Offshore outsourcing is the practice of hiring an external organization to perform some or all business functions in a country other than the one where the product will be sold or consumed. It can be contrasted with offshoring, in which the functions are performed by a foreign division or subsidiary of the parent company. Opponents point out that this sends work overseas, thereby reducing domestic employment. ...

Hosted outsourcing

Complete outsourcing of a company's information technology applications and associated hardware systems to an ASP.

Financial outsourcing

Business unit of the GFKL Group which covers the business areas credit and securities management (Proceed Portfolio Services GmbH), sales of securities and returned leasing objects (Proceed Asset Trading GmbH), purchase and bundling of receivables portfolios for securitization and placement on the money or capital markets as part of ABS transactions, and purchase of credit portfolios with payment irregularities (Proceed Securitization Services GmbH), collection of receivables inventories ...

outsourcing r&d

commissioning other organisations or research bodies to undertake specific research and development projects, rather than handling them in-house.

Business Process Outsourcing (BPO)

BPO as the outsourcing of business functions or processes, such as procurement, to a third party. In these contracts the provider is responsible for performing and managing the outsourced function or process on behalf of the customer. In order to qualify under this definition, BPO contracts must involve the provider taking overall responsibility for the business process and not just supplying IT applications or services to facilitate the process.
BPO is the outsourcing of back office and front office functions typically performed by white collar and clerical workers. Examples include accounting, human resources and medical coding and transcription.
Business process outsourcing is the leveraging of technology vendors to provide and manage a company's critical and/or non-critical enterprise applications. Through the business transformation process of service-oriented transformation, which leverages the technologies and standards of service-oriented architecture, companies can increasingly leverage third party companies that act as business service providers. Business process outsourcingcan use off-shore resources, but is not required.

What does mean by Outsourcing?

The concept of taking internal company functions and paying an outside firm to handle them. Outsourcing is done to save money, improve quality, or free company resources for other activities. Outsourcing was first done in the data-processing industry and has spread to areas, including telemessaging and call centers.

Contracting out some or all of an organization's IT or communications operations. Often believed (erroneously, according to recent research) to lead to cost savings.

A formal agreement with a third party to perform a service for an organization.
The practice of turning-over responsibility of some to all of an organization's information systems applications and operations to an outside firm.
The practice of having goods or services provided by a person or persons outside the business or organisation.
Performance of a production activity that was previously done inside a firm or plant outside that firm or plant. 2. Manufacture of inputs to a production process, or a part of a process, in another location, especially in another country. 3. Another term for fragmentation.
In computing, outsourcing can take many forms. A company, for instance, may outsource its whole IT operation, so that another outsourcing firm provides the hosting and maintenance of its servers and ensures that the system runs smoothly and runs its application development. This would be a total outsourcing solution, although many companies will often just pick elements of such a package.
contracting work to a third party.
The transfer of a function previously performed in-house to an outside provider.
The contracting out of work that was previously done within an organisation to an external provider. More on outsourcing