As outsourcing refers to contracting out any third party professional, it can be of different types. To change a corporate journey, one often looks for an option that costs low with improved efficiencies in a quick turnaround time.
Typically, these are of four types:
• Local outsourcing
Relocating services to local third party is called local outsourcing.
• Offshore outsourcing
Relocating services to any third party services provider overseas is called offshore outsourcing.
• Onshore outsourcing
Renting out services to third party service providers in the company’s own country is onshore outsourcing.
• Nearshore outsourcing
Relocating professional services to people nearby region is known as nearshoring outsourcing.
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