outsourcing

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outsourcing

verb contracting with outside sources, disposing of, eliminating work, eliminating workers, going outside, hiring outside sources, retaining others, retaining outside sources, subcontracting
References in periodicals archive ?
As this process of local labor arbitrage plays out the net result will be a world with many more consumers having more local currency to spend on products and services that are increasingly more complex.
Service providers must bring value beyond solely low-cost labor arbitrage to their payor relationships
Discussions across client boardrooms have shifted from just cost containment and labor arbitrage to the delivery of enhanced customer experience, automation, value-added services (such as multichannel and analytics services), scalability, quality of service, and more innovative ways of addressing the increasing levels of complexity in their business, Singh and Manusama predict.
Historically, organizations requiring 24/7 support have elected to leverage LPO providers' offshore capabilities to maximize the benefits of labor arbitrage.
Evolution of Chinese Business Model: Labor arbitrage > Sourcing > Indigenous Market > Indigenous Capital
Neoris has brought nearshore outsourcing to a new level, from mere labor arbitrage - which barely generates added value to the business, the communities and the people involved- to a model where leading Latin American professionals join counterparts in the US and Europe to deliver key projects around the world via remote intelligent workgroup technology.
Through this partnership, Genpact will be one of the first leading business process services companies to adopt mass scale rapid automation, an emerging trend that will drive significant levels of efficiency beyond labor arbitrage for BPO providers and their clients.
Parikh stressed the opportunity for seeing value from outsourcing beyond labor arbitrage and cost reduction.
Suppliers that fail to fully exploit the labor arbitrage of low-cost labor markets, as well as new technologies, will become the dinosaurs in this new era of high-value outsourcing," Bendor-Samuel added.
Asia: analysis of labor arbitrage sustainability, operating costs, operating cost inflation, arbitrage sustainability and currency trends.
On the whole, you should expect your IT costs to go down over time due to improvements in hardware and software functionality and pricing, labor arbitrage, automation, and so forth.
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