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insourcing

/ɪnˈsaʊsɪŋ/ noun · British & US
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What does insourcing mean?

noun

The practice of bringing a business function or process in-house, rather than outsourcing it to a third party. This can include hiring employees or contractors to perform tasks that were previously handled by external providers.

Example

"The company decided to insource its IT department to improve control and efficiency."

Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.

Etymologically related

Synonyms for insourcing

Antonyms of insourcing

Rhymes with insourcing