I don't have any context provided to base an overview on. Could you please share the context you'd like me to use for writing the overview of outsourcing?
AI-generated from the Wikipedia summary — may contain errors.
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another, or forming a separate legal entity that acts as a management service organization (MSO).
The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981 at a time when industrial jobs in the United States were being moved overseas, contributing to the economic and cultural collapse of small, industrial towns. In some contexts, the term smartsourcing is also used.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).