outsourcing

n. turning to outside sources, method of large companies to hire contract workers to perform specific tasks instead of performing the tasks themselves

v. turn to outside suppliers or manufacturers; contract workers from outside of a company to perform specific tasks instead of using company employees (Economics)

Outsourcing became part of the business lexicon during the 1980s and refers to the delegation of non-core operations from internal production to an external entity specializing in the management of that operation. Outsourcing is utilizing experts from outside the entity to perform specific tasks that the entity once performed itself.
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Outsource verb To assign specific work to a 3 rd party for a specific length of time at an set price and service level Managed care To use outside [more]Outsourcing - Community and Resources

Verb
1. obtain goods or services from an outside supplier; to contract work out; "Many companies outsource and hire consultants rather in order to maintain a flexible workforce"
(hypernym) source

<business> Paying another company to provide services which a company might otherwise have employed its own staff to perform, e.g. software development.
(1995-03-28)