Meaning of the word outsourcing in English

What does outsourcing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

outsourcing

US /ˈaʊtˌsɑː.sɪŋ/
UK /ˈaʊtˌsɔː.sɪŋ/
"outsourcing" picture

Noun

the practice of obtaining goods or services from an outside or foreign supplier, especially in place of an internal source

Example:
Many companies are turning to outsourcing to reduce costs.
The company decided on the outsourcing of its IT department.
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