OEM vs ODM |
Original Equipment Manufacturer is a company that produces a product according to specifications given by another company. The product is sold to the company that gave the order and then it is sold under a brand name given by the buyer. OEM has the facilities to manufacture, but it does not engage in R&D and produces only as per specifications of the company that asks to make a product.
ODM refers to Original Design Manufacturer which is a company that designs and manufactures a product on its own. It then sells the product to another company which sells it under its own brand name. An ODM company can start only if it gets to know the concept and function of the product and has all the facilities of R&D.
✓ OEM and ODM are terms used to refer to manufacturing companies that make products for other companies that sell them as their own brands.
✓ OEM needs specifications and design instruction to come up with the product while ODM has its own R&D and makes a product and then sells it to another company.
Source: Differencebetween.com, Technical Guruji
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