Insourcing

Assigning a project to a person or department within the company instead of hiring an outside person or company to do the work. While outsourcing is commonly thought of as a way for companies to save money, it is sometimes more cost effective to have the work done in-house.

In the United States, insourcing can also refer to the use of U.S.-based subsidiaries by foreign multinational corporations. These insourcing companies contribute to research and development, capital investment, exports and job creation. So, while outsourcing is often looked upon as a negative effect of globalization that sends U.S. jobs abroad to countries with cheaper labor, outsourcing actually works both ways because it also sends jobs to the United States from foreign countries.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Insourcing — is the opposite of outsourcing; that is insourcing (or contracting in) is often defined as the delegation of operations or jobs from production within a business to an internal (but stand alone ) entity that specializes in that operation.… …   Wikipedia

  • insourcing — in‧sourc‧ing [ˈɪnˌsɔːsɪŋ ǁ ɔːr ] noun [uncountable] HUMAN RESOURCES when a company or other organization uses its own employees to do something rather than employing another company to do it: • What are the advantages of insourcing over… …   Financial and business terms

  • Insourcing — Unter Insourcing, Backsourcing bzw. Wiedereinlagerung versteht man die Wiedereingliederung von (zuvor ausgelagerten) Prozessen und Funktionen in das Unternehmen. Insourcing reduziert die Abhängigkeit von externen Zulieferern, da wieder größere… …   Deutsch Wikipedia

  • insourcing — Gen Mgt the use of in house personnel or an internal department to meet an organization’s need for specific services. Insourcing is seen as a reaction to the growing popularity of outsourcing that has not always met expectations. An insourcing… …   The ultimate business dictionary

  • Insourcing — Ịn|sour|cing 〈[ sɔ:sıŋ] n.; od. s; unz.; Wirtsch.〉 Übernahme von Zulieferungen od. Dienstleistungen, die vormals durch externe Firmen erbracht wurden, in das auftraggebende Unternehmen selbst, z. B. eigene Herstellung von Zulieferungsteilen,… …   Universal-Lexikon

  • insourcing — noun The obtaining of goods or services using existing in house resources or employees Ant: outsourcing …   Wiktionary

  • Insourcing — Reintegration von Leistungsprozessen, die den ⇡ Kernkompetenzen eines Unternehmens entsprechen und die evtl. zuvor durch ⇡ Outsourcing aus dem Leistungsumfang des Unternehmens ausgegliedert wurden …   Lexikon der Economics

  • insourcing — …   Useful english dictionary

  • Recruitment Process Insourcing — (RPI) is a diversion from contemporary Recruitment Process Outsourcing (RPO) services, a subset of Business Process Outsourcing. RPI differs from RPO in its more intimate delivery, focusing on absorbing the client company s current state, culture …   Wikipedia

  • regional insourcing — noun The practice of delegating or assigning of procedures, functions or jobs from production within a business in one location to an internal entity that specializes in that operation in another location within a geographic region …   Wiktionary

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