What does insourcing mean?

Definitions for insourcing
in·sourc·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word insourcing.


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Wiktionary

  1. insourcingnoun

    The obtaining of goods or services using existing in-house resources or employees

Wikipedia

  1. insourcing

    Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has "made its presence felt since the time of the Second World War", often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises (privatization), even if conducted on a limited, short-term basis, may also be described as outsourcing.Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country). Offshoring and outsourcing are not mutually inclusive; one can exist without the other. They can be intertwined (offshore outsourcing), and can be individually or jointly, partially or completely reversed, in methods including those known as reshoring, inshoring, and insourcing.

Wikidata

  1. Insourcing

    Insourcing is the cessation by a company of contracting a business function and the commencement of performing it internally. Insourcing is the opposite of outsourcing. Insourcing is a business decision that is often made to maintain control of critical production or competencies. Insourcing is widely used in production to reduce costs of taxes, labor and transportation. Insourcing is also defined as bringing a third party outsourcer to work inside a company's facility. An IT outsourcing provider, for example, will be hired to service a company's IT department while working inside the company's facilities. In addition to contracting an entire team of workers from an outsourcing provider, outside experts are sometimes hired as consultants and the internal staff thereafter implements their recommendations. It may also refer to bringing in foreign nationals to do jobs at lower wages. An example would be a coal mine which lists a foreign language as a job prerequisite that citizens tend not to study. Since the labour pool does not have the listed skill a foreign worker permit can be obtained allowing the importation of Chinese workers.

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Numerology

  1. Chaldean Numerology

    The numerical value of insourcing in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of insourcing in Pythagorean Numerology is: 3

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"insourcing." Definitions.net. STANDS4 LTD, 2026. Web. 17 May 2026. <https://www.definitions.net/definition/insourcing>.

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