Here's what it means:
* Original Equipment Manufacturer: A company that designs, manufactures, and supplies components or products that are incorporated into another company's final product.
For example:
* A company that manufactures car engines is an OEM for car manufacturers.
* A company that makes LCD screens is an OEM for computer and television manufacturers.
The term OEM is commonly used in the context of:
* Supply chains: OEMs play a crucial role in the supply chains of many industries.
* Product development: OEMs often work closely with their customers to develop and manufacture components that meet specific requirements.
* Aftermarket parts: OEMs also produce parts that can be used to repair or replace components in existing products.
Let me know if you'd like more information on OEMs in any specific engineering context!