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original equipment manufacturer (OEM)

original equipment manufacturer (OEM) definition - business

original equipment manufacturer (OEM)

A business that manufactures parts or components that are used in products assembled or produced by another company. For example, Delphi is an OEM that supplies navigation and audio systems, instrument panels, steering systems, and a variety of other products to the automotive industry.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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