Which of the following is NOT a factor when achieving value for money?

Achieving value for money in procurement involves a careful balance of several key factors, including quality, cost, and supplier reputation. Employee satisfaction, while crucial in a broader organizational context, does not directly contribute to the procurement process in the same way as the other options.

Quality pertains to the standard of the goods or services being purchased, which is essential for ensuring that the investment meets performance expectations. Rebates can serve as financial incentives that reduce overall costs, making them an important consideration in maximizing value. Supplier reputation is critical as it can impact the reliability and credibility of the procurement process, influencing the long-term value derived from supplier relationships.

In the context of procurement, employee satisfaction is more of an indirect factor. It can influence employee productivity and morale but does not directly affect the procurement function's ability to deliver value for money in the acquisition of goods and services. As such, in terms of prioritizing factors that ensure effective procurement, employee satisfaction is not considered a direct element contributing to the value for money achieved.