What is the full form of OEM?

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    • Refers to an organization or a person who originally manufactured a particular material or equipment and hence is in the possession of the original drawings
    • An original equipment manufacturer or more popularly known as OEM manufactures components that are purchased by others for further usage. In industries the term is commonly used when certain items need to be procured and in case of OEM the purchase is made directly from the source or the authorized dealer of the OEM. In such a case the purchaser has little bargaining power.

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