Basket OEM and Basket ODM. (OEM basket, ODM basket, OBM basket ).
What is an ‘Original Equipment Manufacturer – OEM?
An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. The second firm is referred to as a value-added reseller (VAR), because by augmenting or incorporating features or services, it adds value to the original item. The VAR works closely with the OEM, which often customizes designs based on the VAR company’s needs and specifications.
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An ODM (original design manufacturer) is a company that takes the original specifications of another company or individual and builds the design to the product specifications.
ODMs make it possible for a company to get a product to market without having to completely design the hardware and without investing in production facilities. The ODM supplies manufacturing capacity. The company that created the specification typically retains ownership of the design.
ODM is similar to the more commonly known term OEM (original equipment manufacturer).
Basket EDM in Alibaba.com?
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