OUTSOURCER Meaning and
Definition
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An outsourcer is a company, organization, or individual that contracts or delegates certain business functions or processes to an external third-party or vendor. This practice, known as outsourcing, involves transferring tasks and responsibilities that were traditionally conducted in-house to an external entity. The purpose of outsourcing is to capitalize on the specialized skills, expertise, and resources offered by the external service provider, leading to cost savings and improved efficiency.
Outsourcers typically engage external partners to handle non-core activities such as customer support, data entry, web development, manufacturing, or human resources. By transferring these functions to an outsourcer, the hiring company aims to focus its internal resources on core competencies while the service provider takes over the outsourced operations.
Outsourcing arrangements may be initiated due to various reasons, including cost reduction, access to specialized knowledge or infrastructure, or increased flexibility to scale up or down operations. The outsourcer is responsible for managing the outsourced activities, overseeing the service provider's performance, and ensuring that contractual agreements are met.
While the outsourcer benefits from the expertise and cost efficiencies provided by the external vendor, it remains accountable for maintaining quality control and ultimately holds responsibility for the final outcomes of the outsourced functions. The outsourcer must effectively communicate its requirements, establish service-level agreements, and actively monitor the performance and progress of the service provider.
Common Misspellings for OUTSOURCER
- outstreer
- iutsourcer
- kutsourcer
- lutsourcer
- putsourcer
- 0utsourcer
- 9utsourcer
- oytsourcer
- ohtsourcer
- ojtsourcer
- oitsourcer
- o8tsourcer
- o7tsourcer
- oursourcer
- oufsourcer
- ougsourcer
- ouysourcer
- ou6sourcer
- ou5sourcer
- outaourcer
- outsourceer
- outsoursor
Etymology of OUTSOURCER
The word "outsourcer" is a compound noun formed from the combination of the prefix "out-" and the noun "sourcer". The term "out-" indicates the concept of moving something away or externalizing it. "Sourcer", on the other hand, is derived from the verb "source", which refers to finding, locating, or obtaining someone or something.
Therefore, the word "outsourcer" essentially signifies an entity or individual that engages in the practice of outsourcing, which involves delegating or contracting tasks, projects, or services to external or third-party sources.
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