OEM - Definition

It stands for Original Equipment Manufacturer. OEM refers to companies that make products for others to repackage and sell. Dealers of OEM products typically provide some form of value-add before reselling the merchandise. An OEM vendor that does this is known as a "value added reseller" (VAR). When referring to automotive parts, OEM designates a replacement part made by the manufacturer of the original part. Its worth noting that OEMs rely on their ability to drive down the cost of production through economies of scale.

Terms near "OEM"

Off-Balance Sheet
Official Settlements Account
Offsetting Transaction
Offshore Bank
Old Lady
Omnibus Account
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