Oem Product Definition
An OEM product is a product that is produced by one company and then sold to another company under that second company’s brand name. OEM products are usually lower in cost than comparable products that are marketed under the brand name of the selling company.
OEM products are often components of larger systems or equipment, such as car engines or computers. They may be rebranded with the selling company’s logo or color scheme and sometimes modified to fit the selling company’s needs.
The term ‘OEM’ stands for ‘original equipment manufacturer.’
