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First things first, let's talk about the difference between 'Outsourcing' and 'Offshoring'; Dictionary.com defines 'Outsourcing' as: to purchase (goods) or subcontract (services) from an outside company. Dictionary.com defines 'Offshoring' as: the practice of moving business processes or services to another country, esp. overseas, to reduce costs. Although I want to talk about both today, I think people use these words interchangeably even though they don't mean the same thing.
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