What Is In-House?
In-house refers to conducting an activity or operation within a company, instead of relying on outsourcing. This occurs when a firm uses its own employees and time to keep a division or business activity, such as financing or brokering, in-house.
An in-house operation is an activity performed within the same business, using the company’s assets and employees to perform the necessary outsourcing involves hiring outside assistance, often through another business, to perform those activities instead of using internal assets or employees.
In-house financing is provided by many retailers helping to facilitate the purchasing process for customers.
The determination as to whether to keep activities in-house or to outsource often involves analyzing the various costs and associated risks. How these costs are calculated may vary depending on the size and nature of the core business.
A firm may decide to keep certain activities in-house, a process