insourcing
(noun)
The obtaining of goods or services using domestic resources or employees as opposed to foreign.
Examples of insourcing in the following topics:
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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.
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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.