This paper will highlight that at the heart of supply chain management (SCM) andservitization research is the concept of value. However, it will be argued that currentwork in these fields do not, in the first instance, adequately define value and often omit afull discussion of value appropriation. To fill these gaps this paper will first introduce aconceptual model of value and will then suggest how it would be possible to empiricallydetermine the sharing of value in a business relationship through the presentation of amodel based on resource dependency theory (RDT). The paper will conclude that muchmore work is required to better conceptualize value in the context of SCM andservitization and that there needs to be more focus on understanding which factorsdetermine how value is shared in business relationships.