Co-Sourcing
A type of outsourcing that combines your in-house team and a dedicated outsourced team into a mutually beneficial working model with maximum flexibility. The externally hired company becomes part of your culture and promotes shared values, as an equal partner in risk and reward. Using specialized skills and resources for specific tasks, co-sourcing is advantageous as it offers business consultancy, internal auditing, process improvement, cost control, clarity of processes, and reduced risk. Both businesses involved are then aligned to achieve the same goals and generate better business value.
E.g.:
You can co-source the development of a software to skilled resources while working on part of it in-house. This will not only help ensure quality but also reduce development costs.
