Unit price

No difference

No difference

Injection molds and tooling

Paid for by the buyer

Paid for by the supplier

Product development time

2 to 6 months

1 to 4 weeks

Production time

No difference

No difference

Product spec sheet

Provided by the buyer

'Reverse engineered’ by the buyer or provided by the supplier

Product compliance

No difference

No difference

Intellectual Property Ownership

IP can be owned by the buyer

lP owned by the supplier or another importer

Benefits

1. The suppliers are at their core OEMs.
Often less hassle to buy OEM products.
2. You can freely customize the product
(within what is technically possible to make)
3. You own the IP (as long as you protect it)

1.Shorter product development cycle

2.Many ODM products can be customized to a certain degree3.You don't need to pay for the tooling

Disadvantages

1. You pay for the tooling
2. It can take months to create new tooling

1.Limited product selection (you get what the supplier can offer,which may only be a fraction of their list products)

2.It is time-consuming and complicated to reverse engineer aspecification. It can often take more time than to design an OEMproduct from scratch

3.Many other companies are already selling the same product,or they will in the near future.

4.You don't own the lP of the product, and may even end up onthe wrong side of an IP dispute.