The rapid growth of the economy comes with an increase in the needs of people in services, trading, and regular standards. To stay on top of that wave, technologies in production have been improved. We are proud to be one of the leaders in manufacturing and processing wooden toys, décor items, furniture, and household goods in Vietnam. Nam Hoa Corporation also brings the most reliable OEM-ODM wood products.
About the terms OEM and ODM
OEM stands for Original Equipment Manufacturing, while ODM is Original Design Manufacturing. The concept of OEM and ODM are quite similar, but please do not get mixed up with those two.
The OEM term refers to companies and workshops that are in charge of producing on-demand. Specifications are provided by another company, and that company will use the finished products to distribute to markets using their brand. The relationship between Apple and Foxconn is a good example. Apple plays the role of a customer, they do the research and distribution. And Foxconn is an OEM company, which produces products that Apple wants them to.
On the other hand, ODM refers to companies that do design things. If a company has ideas but lacks the ability to turn those ideas into specifications, here comes the ODM. In recent years, the number of ODM companies all over the world has increased. An ODM company usually has many partners and plays an fundamental part in production processes.
The primary difference between OEM and ODM is that OEM companies are involved directly in the production process, and ODM companies are usually not because they only do the design part.
The advantage of OEMs is that brands can have their desired products without considering the cost of building workshops. It is more compatible with the criteria of "maximizing profits and minimizing costs" that many businesses are aiming at.
About Nam Hoa Corporation production range
Nam Hoa Corporation specializes in wooden toys, wooden kitchen utensils, etc. We provide products with high standards and quality, along with aesthetics. Our partners are big companies in both domestic and foreign markets.
Our goal is to become a world top company in manufacturing & processing wooden toys, décor items, furniture, and household goods. Our products have presented in many large, demanding markets such as America, Europe, Australia, etc.
In the ODM field, we have absolutely high standards about the applicability and educational value of each product. Our design team has done much research on children’s mental development to produce high-quality toys suitable for children.