OEM S.O.S.! Navigating Lingo and Liabilities in Outsourced Manufacturing | Practical Law
To stay competitive in today's global and "instant gratification" economy, companies are more likely than ever to outsource their manufacturing work. Outsourced manufacturing complicates supply chain relationships and expands manufacturing-based risks. Lingo and acronyms that are often industry-specific, confusing or conflicting make these transactions even more challenging. This Article helps attorneys to understand outsourced manufacturing's incentives, decode industry jargon and address associated key liabilities.