 | Glossary |  |
| | | | Binswanger Glass
Useful Terminology | | | | |
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Obsolescence Credit
A credit or reduction on the invoice - usually based on a percentage of dollar purchases of tempered parts - given by most ARG manufacturers to reduce the distributors financial exposure resulting from parts becoming obsolete.
Obsolescence Policy
Instructions which describe the company's policy including the proper inventory accounting for obsolete AG parts.
OE/OEM
OE means Original Equipment and is a part or product made by the OEM (Original Equipment Manufacturer). OEM's may also produce many non-OE parts, which are usually described as "Original Equipment Quality".
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