Monday, May 30, 2005

"XYZ"sourcing....and "ABC"shoring

Definitions of outsourcing, insourcing, offshoring, near-shoring, and multishoring...

My version -

Outsourcing - Giving it to a third party
Offshoring - Outsourcing - on foreign soil
Insourcing - Shared resources inside company
Near-shoring - In a country that is close to the home country
Multishoring - Combination of home, far, very far...

1 comment:

Kaps said...

Good attempt. Some of these terms are overlapping and hence it is quite difficult to define them...some of these are also used interchangeably.