insourcing

(noun)

The obtaining of goods or services using domestic resources or employees as opposed to foreign.

Related Terms

  • outsourcing
  • offshoring

Examples of insourcing in the following topics:

  • Outsourcing

    • The opposite of outsourcing is called insourcing, and it is sometimes accomplished via vertical integration.
    • However, a business can provide a contract service to another business without necessarily insourcing that business process.
  • Cooperative Strategy

    • To save costs, the competitor with the best production capability can insource the business process of the other competitors.
    • Since all of the negotiating parties can be outsourcers or insourcers, the main challenge in this collaboration is to find a stable coalition and the company with the best production function.
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