Outsourcing is a business practice where a company engages a third-party supplier to handle specific products or services that were traditionally managed internally by the company’s staff. By outsourcing certain functions, businesses can achieve cost reduction, tap into specialized expertise, and enhance overall performance. Outsourcing enables companies to delegate non-core activities to external providers, allowing them to focus on their core competencies and strategic objectives. This practice often involves contracting with external entities, such as service providers or overseas vendors, who possess the necessary skills, resources, and infrastructure to deliver the required products or services efficiently. Through outsourcing, businesses can optimize their operations, streamline processes, and leverage external capabilities to enhance productivity and competitiveness.