Outsourcing

Outsourcing can be defined as a delegation of non-core activities or jobs from internal production within a business to an external entity (such as a supplier) that specializes in that activity. The delegation is mostly done on a contractual basis with an objective to achieve higher efficiency of non-core activities.

Activities performed through outsourcing should be performed continuously or constantly; outsourcing does not mean one time activity performance.1




1Based on the definition of the National Bank of Slovakia










 

 




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