Term: CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing)

CAD/CAM refers to computer software that is used to both design and manufacture products. CAD/CAM applications are used to both design a product and program manufacturing processes, specifically, CNC (computer numerical control) machining. CAD/CAM software is most often used for machining of prototypes and finished parts.

Source: http://www.autodesk.com/solutions/cad-cam