Teradyne on Sustainable PLM

At our last Innovation Leadership Summit, Bill Duggan from Teradyne talked about PLM as the “backbone of innovation.” Bill shared that despite the tough economy – what he calls an “economic blizzard” – they continue to invest in that backbone and now focus on creating “sustainable PLM.”

That focus has helped them achieve significant savings both in hard dollars and in cycle time reduction.

I talked with Bill after his presentation in this video about Teradyne’s PLM focus and framework, as well as lessons learned over the past year and a half. One lesson is to treat process improvements as new product development projects so they get the attention and commitment they deserve.