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Understanding the jargon...
Every industry creates its own language and body of distinctions. Here are some definitions of some our industry jargon:
Business Process Outsourcing: Leveraging of technology or specialist process vendors to provide and manage an organization's enterprise processes and applications.
Outsourcing: Delegation of non-core operations to a third party.
Offshoring: Delegation of non-core operations to a third party in another country.
Insourcing: Importation of knowledge worker talent to an organization (often used in economics to depict inflow of talent or exchange of talent among countries). |
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