outsourcing
Pronunciation:
/ˈaʊtˌsɔː(ɹ).sɪŋ/verb
Definitions
To transfer the management and/or day-to-day execution of a business function to a third-party service provider.
Example: They decided to outsource the design and manufacture of the system to a vendor.
noun
Definitions
The transfer of a business function to an external service provider.