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Contract manufacturing , also known as outsourcing or third-party manufacturing, refers to the practice of hiring a third-party company to manufacture products on behalf of another company. In this arrangement, the hiring company (referred to as the "contracting party" or "OEM") provides the specifications, designs, and sometimes materials, while the contract manufacturer (referred to as the "CM" or "outsourcing partner") handles the actual production process. Here are some key points about contract manufac

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