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History for OEM (history as of 09/30/2014 14:07:43)

The term OEM (original equipment manufacturer) manufactures products or components which are purchased by another company and retailed under that company's brand name. For instance an automotive part, OEM designates a replacement part made by the manufacturer of the original part.  The purchasing manufacturer would then re-brand the product.  In addition, on the economies scale, OEM parts rely on the ability to drive the cost of production. Another term for OEM is value added.

  

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