Procurement Terms
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Insourcing, sometimes Onshoring, refers to the practice of bringing business processes or services back in-house to a company's domestic location instead of outsourcing them to external providers, whether offshore or nearshore. This can be done for a variety of reasons, such as a desire to have greater control over business processes, reduce costs associated with outsourcing, or to support local job growth. Insourcing can also be seen as a response to concerns around data privacy and security. For example, in the United States, some government contracts require that data be stored and processed domestically, which has led to an increase in onshoring activities.
Specialism:
Category Management
Procurement Strategy
Sourcing
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