Original Equipment Manufacturer(OEM)
Original Equipment Manufacturer: Simply referred to as OEM (Original Equipment Manufacturer), it is a modern mode of production where production is contracted to a manufacturer. The buyer provides product specification and complete design details, and the manufacturer purchases materials, provides human resource and venue, and assumes responsibility for sales. However, at present, most OEM cooperation models involve a company providing the brand and authorization for the OEM to affix to the products. Such a electronics OEM model of collaboration with customers is one of the major business operations at Taiwan Luen Huei Electronics Co., Ltd.