What Are Outsourcing and Offshoring?

Outsourcing and offshoring are often used synonymously, however the terms in fact have two very different meanings and implications. Outsourcing is when a company negotiates a contract with a third party to perform a specific function. When outsourcing a process or operation, it is vital to find a company or person that specializes in the … Continue reading What Are Outsourcing and Offshoring?