Outsourcing

Outsourcing is the practice of contracting out certain business functions or processes to external service providers, often to reduce costs, improve efficiency, or access specialized expertise. Commonly outsourced functions include customer service, IT support, human resources, accounting, and manufacturing. By outsourcing, companies can focus on their core competencies while leveraging the capabilities of external experts to handle non-core tasks. This approach allows businesses to scale operations, enhance flexibility, and often access better technology or knowledge that may not be available in-house.