Traditional Culture Encyclopedia - Traditional stories - What does OEM mean?
What does OEM mean?
OEM is the only way under the trend of socialized mass production and cooperation, and it is also one of the effective ways to rationalize resources and the result of socialized mass production. In Europe, the OEM Trade Association was established as early as the 1960s. 198 OEM production and trade reached 350 billion euros, accounting for more than 14% of the total industrial output value in Europe. OEM production has become an important part of modern industrial production. With the further acceleration of economic globalization, OEM demanders may choose OEM suppliers in a wider range, especially to countries and regions with low processing and manufacturing costs.
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