Understanding the Differences Between Outsourcing and Offshoring: A Comprehensive Guide
Understanding the Differences Between Outsourcing and Offshoring: A Comprehensive Guide Outsourcing vs. Offshoring: What’s The Difference? The terms outsourcing and offshoring are often used interchangeably, but they refer to two distinct processes. Outsourcing is the practice of engaging a third-party provider to handle some or all of a company’s business operations. Offshoring is a subset of outsourcing in which the services are provided by a company located in a different country. In other words, outsourcing is the broader concept and offshoring is one possible way to outsource. Definition of Outsourcing and Offshoring Outsourcing is the practice of hiring a third-party…