Excellent conversations throughout last week within my MBA Class on Innovation and Entrepreneurship. I have shared the following slides that I have kept refining over the past years.

For more than thirty years, companies have been outsourcing non-core activities while going global. As a result, industries are more fragmented than even. They now have to embrace the power of the Internet of Thing and of the emerging technical system that comes along with it. To do this they need to harness the power of distant capabilities. This is why we see more and more cross-industry innovation and collaborations with start-ups.

This context offers some unique opportunities to purchasing teams! This will lead us to look beyond cost and cash performance and to be a key innovation player capable of exploring new opportunities while delivering on the basics

So welcome to the age of distant capabilities!