OEM

OEM production, also known as fixed-point production, commonly known as foundry (production), the basic meaning is that brand producers do not directly produce products, but use their key core technologies to design and develop new products and control sales channels.

The specific processing tasks of the original equipment manufacturer are commissioned by other manufacturers of similar products through contract ordering. After that, the ordered products will be bought at a low price and directly labeled with their own brand. This type of cooperation that entrusts others to produce is referred to as OEM, and the manufacturer that undertakes the processing task is called an OEM.

The products it produces are called OEM products. It can be seen that fixed-point production belongs to the “OEM production” method in processing trade, and in international trade, it is the export of labor services with goods as the carrier.