Outsourcing is purchasing an item or a service from an outside vendor to replace performance of the task with an organization’s internal operations.

For some additional resources on outsourcing, check out How to Protect IP When Outsourcing Software Development, When and How to Outsource Your Payroll, and How to Write About Sourcing and Fulfillment in Your Business Plan.

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Bplans GlossaryBplans Glossary

At Bplans, it's our goal to make it easy for you to start and run your business. The Bplans glossary of common business terms will help you learn about key small business and entrepreneurship topics.