(a) Research academic and Journal articles on Innovative Procurement. Prepare a brief literature review of the topic. Your research should mainly be based on recent articles from peer-reviewed journals (such as Emerald, EBSCOhost, and ScienceDirect). 

(b) “Studies demonstrate that sustainable procurement practices can transform markets, save money, enhance financial viability, increase the competitiveness of eco-industries, protect natural resources, and foster job creation, which will, in turn, contribute to sustainable development.” Do you agree with this statement? Discuss.

(c) According to an Article in Mckinsey (2020), closer relationships between buyers and suppliers could create significant value and help supply chains become more resilient. They can take an integrated approach to supply-chain optimization, redesigning their processes together to reduce waste and redundant effort, or jointly purchasing raw materials. Or they can collaborate in forecasting, planning, and capacity management—thereby improving service levels, mitigating risks, and strengthening the combined supply chain. To what extent a close relationship between a buyer and its key suppliers might create value through, inter-alia, innovation, and benefit both parties? 

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