In this organization, staff and board members were aware of the loss of the grant, but there was a kind of psychological disconnect. Another organization with which I work has run a deficit this year of more than $200,000, and board members are periodically reminded that it is nothing to be concerned about.
This article explains the role of an OEM company and the OEM business model. OEM (pronounced as separate letters) is short for original equipment manufacturer. OEM is somewhat of a misleading term for a company that has a special relationship with computer and IT producers.
The term OEM stands for Original Equipment Manufacturer. What does that really mean? It means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer.Some examples; 1  Most fuel parts on a VW are made by Bosch. 2  This means that Bosch is the OEM for VW regardless of where you buy the Bosch part it is still OEM.t means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer. Some examples; 1  Most fuel parts on a VW are made by Bosch. 2  This means that Bosch is the OEM for VW regardless of where you buy the Bosch part it is still OEM.