das Contracting
Translation
contracting, outsourcing
Examples
Die Firma nutzt Contracting für die Energieversorgung.
The company uses contracting for its energy supply.
Contracting kann Kosten sparen.
Contracting can save costs.
Grammar Patterns
Contracting ((for sth.)) Contracting for something Die Firma nutzt Contracting für die Energieversorgung.
Similar Words
Synonyms: Outsourcing, Fremdvergabe (external procurement)
Etymology
From the English word 'contract'. Used in German as a business term.
Memory Tips
Think of making a 'contract' to have a service provided by an external company. It's essentially the same as the English business term.