Outsourcing:The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.
Supply Chain Management:The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
Globalization:The process by which businesses or other organizations develop international influence or start operating on an international scale, often leading to increased interconnectedness and interdependence among global economies