Outsourcing is an arrangement with outside organizations to perform value chain functions that were previously performed internally.

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Outsourcing involves delegating some or all of a company's value chain activities to external organizations that specialize in those activities. This can include functions such as manufacturing, customer service, and IT services. By outsourcing, companies can reduce costs, improve efficiency, and focus on their core competencies.

Outsourcing Is an Arrangement with Outside Organizations to Perform Value