outsource etymology

Etymology

The word "outsource" is a compound of two words:

  • Out: Meaning "external" or "away from"
  • Source: Meaning "origin" or "supply"

Meaning and Origin

The term "outsource" was first used in the early 1980s in the field of business management. It refers to the practice of contracting out certain business functions or processes to third-party providers located outside the company's own country or organization.

Outsourcing can involve a wide range of tasks, such as:

  • Manufacturing
  • Customer service
  • IT support
  • Accounting
  • Human resources

The primary purpose of outsourcing is to reduce costs, improve efficiency, and access specialized expertise. By outsourcing non-core functions, companies can focus on their core competencies and increase their competitiveness.

Outsourcing has become increasingly common in the globalized economy as businesses seek to leverage global talent and resources.

outsource relate terms

  • source

    Etymology The word source derives from the Old French word source which in turn come

  • source

    Etymology The word source derives from the Old French word source which in turn come

  • course

    Etymology The word course comes from the Old French word curs which means a running

  • energy

    Etymology The word energy is derived from the Ancient Greek word ενέργεια en

  • menopause

    Etymology Meno is derived from the Greek word mēn μην meaning month Paus

  • prosper

    Etymology From Latin prosper meaning successful favorable or lucky Ultimatel

  • renege

    Etymology Late 16th century from French renégat 16th century from Spanish renegado

  • vaccination

    Etymology The word vaccination is derived from the Latin word vacca meaning cow

  • hustle

    Etymology Hustle originated in the 17th century as a noun meaning bustle or commotion

  • triage

    Etymology The word triage originates from the French verb trier which means to sort

  • saute

    Etymology The word saute originates from the French verb sauter which means to jum