Insourcing: meaning, definitions and examples
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insourcing
[ ˈɪnˌsɔːsɪŋ ]
business process
The practice of using an organization's own personnel or other resources to accomplish a task or function that was previously outsourced to a third party.
Synonyms
in-house production, in-house sourcing, internal sourcing
Examples of usage
- Many companies are now turning to insourcing to reduce costs and improve quality control.
- Insourcing can lead to better communication and collaboration within the organization.
- Insourcing allows companies to have more control over the production process.
- Insourcing can result in faster decision-making and implementation of changes.
- Insourcing may require additional training for existing employees.
Translations
Translations of the word "insourcing" in other languages:
🇵🇹 insourcing
🇮🇳 अंदरूनी स्रोत
🇩🇪 Insourcing
🇮🇩 insourcing
🇺🇦 інсорсинг
🇵🇱 insourcing
🇯🇵 インソーシング
🇫🇷 insourcing
🇪🇸 insourcing
🇹🇷 iç kaynak kullanımı
🇰🇷 인소싱
🇸🇦 التوريد الداخلي
🇨🇿 insourcing
🇸🇰 insourcing
🇨🇳 内部外包
🇸🇮 insourcing
🇮🇸 innflutningur
🇰🇿 ішкі ресурстарды пайдалану
🇬🇪 შიდა რესურსების გამოყენება
🇦🇿 daxili mənbələrdən istifadə
🇲🇽 insourcing
Word origin
The term 'insourcing' originated in the business world in the late 20th century as a response to the practice of outsourcing. As companies sought to bring certain functions back in-house to improve control and quality, the concept of insourcing gained popularity. Today, insourcing is a common strategy used by organizations to streamline operations and enhance efficiency.