Original Equipment Manufacturer (Oem)
An OEM is a company that manufactures products or components that are used in another company’s end product. For example, Ford is an OEM for many car parts that are used in other vehicles.
OEMs can either design and manufacture products or components from scratch, or they can produce them based on the specifications of their customer. In either case, OEMs usually have a long-term relationship with their customers, as they often provide replacement parts and components over the lifetime of the product.
There are several benefits to working with an OEM. First, OEMs have deep experience in designing and manufacturing products or components, so they can usually create a high-quality product. Second, because OEMs work with many different customers, they often have economies of scale that allow them to produce products at a lower cost than their customers could achieve on their own. Finally, because OEMs typically have long-term relationships with their customers, they can provide continuity of supply and support over the lifetime of the product.