Outsourcing And Offshoring Flashcards
When organizations pay Subcontractors to do work that was previously carried out in-house
Outsourcing
Outside suppliers
Subcontractors
Activities that are not a part or the organization’s core competencies
Non-core activities
Synonym of subcontract
To Farm out
Activity which helps determine whether an activity would be cheaper to outsource
Transaction cost analaysis
Skills and knowledge
Expertise
Outscourcing some administrative tasks
Business process outsourcing (BPO)
Outsourcing computer-based tasks
Information Technology (IT) outsourcing
Outsourcing of all the transportation and the Warehousing
Logistics outsourcing
Outsourcing that is important for company’s long-term goals
Strategic outsourcing
Outsourcing to companies abroad
Offshoring
Outsourcing related to tasks such as research and development
Knowledge process outsourcing (KPO)
High qualified employees
Knowledge workers