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Offshoring and outsourcing are different from each other. In offshoring the business process or services is relocated or shifted in a different country. In outsourcing third party firms or external providers that have specialized skills to undertake some aspect of an organizations operations.
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What Is The Difference Between Offshoring And Outsourcing? Most organizations use outsourcing and offshoring to enhance their profitability and productivity. Outsourcing companies are third party firms or external providers that have specialized skills to undertake some aspect of an organization's operations. This can take place within the same geographical location or can cross borders on a permanent basis or for a fixed term. On the other hand, offshoring occurs when a company transfers its operations to a new location or overseas, to achieve certain benefits. Read more at https://bit.ly/32ZIYt5