A laboratory that operates independently of a hospital and physicianâs office to furnish physiological diagnostic services (e. g.
To decide between outsourcing and offshoring, it will really depend on the nature of your business and your needs. Outsourcing may be better for those who want fast, flexible and cheap services. Whereas offshoring may be better suited for those who need more control, cultural similarities and higher quality services that are cost effective.
The 'make' part of the decision is called insourcing and the 'buy' part of the decision is called outsourcing. When services are involved, if a company pays another company to provide a service such as internal auditing or payroll, it is called outsourcing.