Offshoring

[ɑfˈʃɔrɪŋ]
Definition:

Offshoring is when an organization relocates a business process from one country to another; this is usually done to reduce costs within the organization. 

Many bigger organizations may offshore IT, accounting and perhaps their customer service team to a less developed country in which the labour costs may not be as much; this is a great step that an organization could take, firstly because it helps to become more productive and focus on other aspects of the organization; the staff recruited for such business operations are experts in their field; this therefore causes the organization to move towards reaching their goals and increasing in revenue.

Organizations must however take into consideration the fact that as much as offshoring is a benefit to the advancement of operations, there is still a need to provide the required systems and training in order for it to be successful. 

Part of speech:
verb
Use in a sentence:
By offshoring the company businesses tend to lower costs in processes or services they offer.
Offshoring