Offshoring describes the relocation by a company of a business process from one country to another
Mon, 23 May 2011 19:43:23
Offshoring Defines: the relocation by a company of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Even state governments employ offshoring.
The term is in use in several distinct but closely related ways. It is sometimes used broadly to include substitution of a service from any foreign source for a service formerly produced internally to the firm. In other cases, only imported services from subsidiaries or other closely related suppliers are included. A further complication is that intermediate goods, such as partially completed computers, are not consistently included in the scope of the term. "Re-shoring" (sometimes "Backshoring" ) is offshoring that has been brought back onshore.